The national banking network has officially begun the rollout of iris recognition technology as a method of payment across selected stores and services. The system allows customers to authorize transactions by scanning their eyes, eliminating the need for physical cards, mobile phones, or personal identification numbers.
According to financial institutions and technology providers involved in the initiative, the new payment method is designed to increase speed and security at the point of sale. By relying on biometric data that is unique to each individual, banks argue that the risk of fraud, theft, or unauthorized access is significantly reduced.
Participating retailers have already started installing iris scanners at checkout points, with wider adoption expected in the coming months. Customers who wish to use the service must first enroll their biometric data through their bank, linking their iris pattern directly to their financial profile.
Supporters of the system highlight its convenience, particularly in environments where traditional payment methods may be impractical. “This technology simplifies the transaction process while maintaining a high level of security,” stated a spokesperson from one of the banks involved in the rollout.
However, the introduction of biometric payments has raised concerns among privacy advocates and digital rights organizations. Critics warn that tying immutable biological identifiers to financial systems increases the potential impact of data breaches and misuse. Unlike passwords or cards, biometric data cannot be changed once compromised.
Experts also point out that the expansion of biometric identification in everyday transactions further narrows the separation between personal identity and economic activity. As biometric systems become more integrated into public and private infrastructure, questions arise regarding data ownership, long-term storage, and oversight.
Banking authorities have assured the public that all biometric information is encrypted and stored securely, and that the system complies with existing data protection regulations. They emphasize that participation remains voluntary and that alternative payment methods will continue to be available.
As iris recognition payments move from pilot programs to mainstream use, the technology represents another step in the ongoing transformation of how individuals interact with money — and how much of themselves they are required to provide in the process.