New seamless payment methods use biometric data, but questions on privacy remain

Users in Singapore now have the convenience of checking out with their palm or eyes, without having to use cash, cards or phones. Chinese tech companies are leading the charge in such seamless payment methods, and Singapore is the first stop on their global rollout. According to Tencent, using its Palm Pay can cut payment times by up to 80% as compared to pulling out a bank app or credit card. However, one observer said there's a need to further strengthen regulations around such nascent technology. Ivy Chok reports.