In this episode of Pioneers in Payments, Donna Blum sits down with Mike Draghici, Founder and CEO of PayByFace, to explore how biometric technology is transforming the way we pay.
Mike is a serial entrepreneur and full-stack systems architect with over 20 years of experience turning ideas into successful products and startups across the globe—including Romania, Bulgaria, the Netherlands, UAE, USA, Canada, South Africa, Mexico, and India.
Over the past seven years, Mike has written more than 12 million lines of code to bring his vision of facial recognition payments to life. Inspired by a simple moment at a coffee shop—when he wondered, “Wouldn’t it be nice if I could pay with my face?”—he created PayByFace, a groundbreaking technology now being tested around the world.
In this conversation, Mike and Donna discuss:
- The biggest opportunities and challenges shaping the payments industry today
- The rapid adoption of digital wallets and the diverse use cases driving growth
- How AI and intelligent automation are redefining payment interfaces
- The cost complexities behind moving money securely and combating fraud
- Connect with Mike Draghici on LinkedIn.
About PayByFace:
PayByFace enables consumers to use their face as a secure, convenient way to buy and sell goods and services. This B2B2C fintech startup helps merchants enable cardless, low-touch transactions, streamline loyalty programs with enhanced KYC and CRM capabilities, and power OOH digital advertising ecosystems. The PayByFace platform integrates seamlessly with most existing POS systems, bringing the future of payments to life—one face at a time. Learn more about PayByFace at https://paybyface.io/.
About BHMI:
BHMI is a provider of software solutions for managing the back-office processing of electronic payment transactions. The company’s flagship product, the Concourse Financial Software Suite®, offers a dynamic and flexible solution for processing a wide range of payment types, including debit cards, credit cards, prepaid, P2P, and real-time payments via any device including ATM, POS, and mobile. Concourse provides essential back-office functions such as automated reconciliation, settlement, fee assessment, and dispute management. Its continuous processing architecture and powerful rules engine make it an ideal solution for organizations looking to modernize and optimize back-office payment operations. Learn more about BHMI at https://bhmi.com/.
