Hongda sees big demand for biometric ID systems

Surging appetite for online payments means tech firm has sights firmly set on larger rivals

China's growing appetite for e-commerce and mobile payments is offering an expansion opportunity to Hongda Hi-tech Group Co Ltd, one of the largest domestic firms that develop biometric verification technologies.

Hongda, the No 1 maker of identification card recognition equipment in China, is focusing on iris and voice recognition technologies to cement its position as global tech giants such as Alibaba Group Holding Ltd and Apple Inc which are also rolling out identification technologies.