To make a purchase, students simply pick a type of food and place their palm on a scanner at the point of sale, Mamontov said, adding that it will take students only a few seconds to pay for the meals.
He explained that the biometric system reads the vein pattern in one's palm and converts it into a digital code.
A student placing his or her palm on a scanner, and the cost of the meal is transferred from an electronic wallet managed by his or her parents, Mamontov said.
"Using the Ladoshki system, parents will get rid of the necessity of giving cash to their children and they will also be able to monitor the kids' school meal spending by visiting their personal page on Sberbank's website," according to a Sberbank press release obtained by Sputnik.
"Additionally, parents can monitor what exactly their child has eaten and if necessary, they can forbid the child from buying chips or chocolate," the press release said.
Earlier, media reports said that the new biometric system is already operating in 10 schools, included those located in the capital Moscow, as well as the cities of Voronezh, Ivanovo and Cheboksary.
On August 30, Sberbank, along with MasterCard, the Moscow government and the administration of Moscow State University presented a multi-purpose campus card which identifies students and teachers on the university's territory; additionally, the card serves as a key to the digital services of the university and the city, as well as a means of payment.