Four companies, including banking group Resona Holdings Inc. and electronics giant Panasonic Corp., said Monday that they will work together to put into practical use a payment platform using facial recognition technology.

Resona, Panasonic, credit card firm JCB Co. and Dai Nippon Printing Co. aim to introduce a system to allow customers to deposit, withdraw and transfer money at banks using only facial recognition technology for identification as early as fiscal 2022, staring next April.

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