On July 20, the Alipay platform announced the opening of pet nose print recognition technology and the launch of "pet insurance". It currently accepts cats and dogs for insurance. When applying for insurance, the Alipay insurance platform creates an exclusive electronic file for the pet based on the nose print information. When making a claim, you can complete the claim with one click by swiping the nose print to verify the pet's identity. It is reported that the recognition success rate of pet noseprint recognition technology exceeds 99%, and it is expected to be used in urban pet management, lost pet and other scenarios in the future.

Alipay’s “Pet Insurance” launches three versions with different insurance amounts for pet dogs and cats aged 3 months to 10 years old. Taking the annual premium of 399 yuan as an example, a maximum of 10,000 yuan in medical expenses can be reimbursed in one year. Pet outpatient visits can be reimbursed, regardless of disease type, and can be reimbursed multiple times, which is equivalent to "pet medical insurance." Users only need to search for "pet insurance" on Alipay, fill in the pet's basic information on the insurance application page, and upload pet photos as required to insure their pets.

Pets' nose prints are similar to human fingerprints and do not change as they grow. They are unique and immutable. This means that no two cats or dogs in the world have exactly the same nose prints. Alipay’s open nose print recognition technology has an impact on the establishment of pet “electronic ID cards” and urban pet management.