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January 9, 2020
January 8, 2020
On the web
One QR for All Digital Payments: Paytm’s Latest Unique Feature
Business Today
“The Indian digital payments company Paytm announced about integrating Rupay cards to its QR code for merchants for accepting payments. The recent Paytm QR code is already operable to receive payments via UPI apps such as PhonePe, GooglePay, BHIM, etc apart from Paytm wallet and cards. During the launch of the all-in-one Paytm QR code, the Paytm CEO Vijay Shekhar Sharma said that it is not just the wallet or UPI but also from other payment modes that the merchants will be able to accept payments. This QR code is different as it is the only QR code that has the availability of QR codes. Sharma also said that this facility can be availed absolutely free of cost,i.e. no MDR charge.”
Tencent and China UnionPay Pilot Interoperable QR Mobile Payment Codes
NFC World
“WeChat Pay operator Tencent is working with China UnionPay on the adoption of a common QR code that will allow merchants to use the same code to accept payments from both companies’ mobile payment services, Caixin Global reports .”
December 11, 2019
On the web
PicWicToys Lets Shoppers Skip the Checkout Lines
NFC World
“The new ‘Scan, Pay, Play’ system is rolling out first at PicWicToys’ stores in Lomme, Caen-Mondeville, Villeneuve D’Ascq, St Maximin (Creil) and Le Havre. It lets shoppers scan items with their smartphone as they shop and then self-checkout using mobile payment, “leaving them free to exit the store with their purchases, without any need to queue or wait at a conventional checkout”.”
November 11, 2019
October 30, 2019
On the web
Cambodia Begins Rollout of National Mobile Payments Platform
NFC World
“The National Bank of Cambodia has begun the rollout of a national mobile payments platform based on real-time funds transfers, QR mobile payments and a single electronic clearing system.”
September 24, 2019
On the web
Google Pay Launches NFC Spot Codes for Merchants in India
NFC World
“Google has launched a new offering for merchants in India that combines an online storefront with physical Spot Codes they can place in their premises to let shoppers easily place orders and make payments. Spot stores are fully integrated into Google Pay and built using HTML and JavaScript “so existing investments into mobile websites or PWAs can be easily transformed into a Spot by adding a few lines of JavaScript”. “The Spot Platform uniquely connects the online to the physical world,” Google says .”
August 21, 2019
On the web
Noor Bank Partners With UnionPay to Launch QR-based Mobile Payments
Electronic Payments International
“Noor Bank is partnering with payments scheme UnionPay to enable customers to make instant, secure payments on the go. Specifically, Noor Bank is rolling out its first EMVCo QR-based mobile payment service. Consequently, Noor Bank customers and merchants can leverage UnionPay QR code scanning for all their payments. Participating retail, restaurant and tourism-focused merchants will benefit from the cross-border capability of UnionPay QR code payment service. Noor Bank is the largest issuer of UnionPay cards in the UAE. It has over 550,000 cards issued through local financial services group MINT Middle East.”
August 20, 2019
On the wires
One QR Code for All Payments
Bank Sentral Republik Indonesia
“Bank Indonesia has launched a Quick Response (QR) Code standard for payments through server-based e-money applications, electronic wallets and mobile banking known as QR Code Indonesian Standard (QRIS) to coincide with the 74th Anniversary of Indonesian Independence, today (17/08) in Jakarta. National QRIS implementation will be effective from 1st January 2020 in order to provide an adequate transition period for payment system service providers to prepare for the new standard. QRIS launching is part of the roll-out of the Indonesian Payment System Vision (SPI) for 2025, announced in May 2019.”
August 12, 2019
On the web
QR Code Payments Make Long Commutes Even Longer in China
Abacus
“The ubiquity of mobile payments in China means that when it comes time to pay, most people are tapping through their phones to get to the right app and pull up the QR code. Companies have even found workarounds to allow refreshing the codes when users are offline, like during a flight without Wi-Fi . But typically, generating and scanning a QR code is quick, and it was a cheap technology to implement. Once it became the default payment system, it was only a matter of time before it started invading public transportation. This is in spite of the fact that that NFC (near field communication), which is used by Apple Pay and Google Pay (among many others), is considered faster and more secure and has even proliferated in China over the years as costs have come down.”
August 5, 2019
On the web
In China, QR Codes Are Being Replaced by Face Scans for Payments
South China Morning Post
“In different cities around China, merchants from supermarkets to bakeries have adopted facial recognition payments technology from Alibaba-affiliated Ant Financial and Tencent’s WeChat Pay to make the payments process as frictionless as possible. Alibaba owns the South China Morning Post. Why? Because face recognition technology brings the next step in payments convenience for consumers and also has the potential to bring in a whole new wave of less tech-savvy users, such as the elderly or those who struggle to read and write.”
July 24, 2019
On the web
Ghanaian Universal QR Code Set to Accelerate E-payments
Global Government Forum
“Ghana has become the latest country to commit to rolling out a universal QR code, as the country’s government seeks to accelerate the take-up of e-payments. The move was announced by the West African country’s vice-president, Mahamudu Bawumia, earlier this month at an event in capital, Accra.”
July 10, 2019
On the web
Ghana to Launch Universal QR CODE for Payments This Year
The Presidency - Republic of Ghana
“This year, there’s going to be also a remarkable introduction into Ghana of a universal QR Code for payments. This will help us move further into the cashless direction because there will be no longer any need for merchants to have point of sales devices, with the QR Code platform. All they need is a mobile phone and even a “yam phone” will work ” he said. “With your mobile phones, you can make payments and it goes straight to the bank account of the merchants and. If all goes well, Ghana’s universal QR CODE platform will be introduced by the furth quarter this year” Dr. Bawumia emphasised.”
June 13, 2019
On the web
Paytm to Invest ₹250 Crore to Expand Paytm QR
https://www.livemint.com
“Digital payments major Paytm Wednesday said it will invest ₹250 crore this year for the expansion of Paytm QR in tier IV and V towns. “With this investment, Paytm expects to reach more than 20 million merchants across India by the end of this fiscal,” it said in a statement. Paytm had introduced QR code-based payments to enable merchants, irrespective of the size of their business, to receive money directly into their bank account…Paytm said the cost of on-boarding a merchant in a small town is at least three to four times more compared to larger cities.”
June 11, 2019
On the wires
InComm Launches Barcode Payment Solutions at DFS Duty-Free Stores in Japan
“InComm , a leading payments technology company, today announced it has partnered with DFS , the world’s leading luxury travel retailer, to launch barcode payment solutions in Japan. DFS customers can now conveniently pay for duty-free purchases at T Galleria by DFS, Okinawa as well as the DFS Naha and Kansai airport locations by scanning a barcode on their phones at the point of sale.”
June 10, 2019
On the web
Alipay Collaborates With Six European Mobile Wallets on QR Code Interoperability
Mobile Payments Today
“The six mobile wallet providers, Bluecode, ePassi, momo pocket, Pagaqui, Pivo and Vipps are working together to develop a unified QR code to unify what officials say has been a fragmented marketplace. When completed, users of these six mobile apps will be able to make QR code payments in 10 European countries where these apps are accepted, and Alipay users will be able to make payments at merchants that accept these various payment systems.”
June 3, 2019
On the web
New Payments Platform Ropes in QR Codes
iTnews
“The days of fumbling for loose change at the school fete or footy match sausage sizzle could soon be numbered, after the New Payments Platform (NPP) revealed it’s working quickly with banks, merchants payment services providers to hook-up scan-to-pay QR codes to its real time network.”
May 28, 2019
On the web
Bank Indonesia Launches National Standard QR Code
The Jakarta Post
“Bank Indonesia (BI) launched on Monday its long-awaited Quick Response Indonesia Standard (QRIS) code system that aims to universalize cashless payment in the country. QRIS, which physically manifests as a more complex QR pattern, allows users from one payment service to transfer funds to any rival service within BI’s ecosystem.”
May 20, 2019
On the web
PayMaya Expands Boracay’s First ‘cashless’ Ecosystem With QR Payments
Back End News
“PayMaya is now the preferred payment option in some of the merchants in Boracay where users can pay using their app via PayMaya QR, including restaurants like Spice Bird in D’Mall, Titos near Station 2, and Sunny Side Café in Station 3; convenience store like Budget Mart; and Epic Bar, among many others. This is on top of the initial batch of merchants that have been offering PayMaya QR as a payment method in Hue Hotels and Resorts as well as small merchants in Station X, which was launched in January of 2018, including other nationwide key merchants such as McDonald’s, Army Navy, Yellow Cab, Shakey’s, and Mercury Drug, among others.”
May 16, 2019
On the web
Mexico Pilots National NFC and QR Mobile Payments System
NFC World
“Mexico’s central bank Banxico has begun trials of its cashless QR and NFC Cobro Digital (CoDi) electronic payment system with employees of financial institutions including BBVA Bancomer , Citibanamex , Santander , Banorte , Banregio and Fincomun . The system works by using QR codes to make electronic transfers through mobile phones which are linked to a user’s bank account. For counter sales, the merchant generates a collection message in the form of a static or dynamic QR code or NFC message which is sent to the customer’s mobile.”
Japan to Unify Mobile Payment Codes, Enlisting Chinese Giants
Nikkei Asian Review
“Line and Alibaba Group Holding are among five major internet businesses from Japan and China that will standardize QR codes that are scanned to make payments via smartphones in Japan, Nikkei has learned. The others joining this undertaking are online flea market operator Mercari and mobile carrier NTT Docomo from Japan and Tencent Holdings ‘ WeChat Pay from China. Smartphone payments have grown in popularity, and there are many services available as information technology companies, banks, retailers and others have entered the market. There are more than 10 services in Japan alone. But each service uses its own QR code standard, so participating merchants need to install payment apps or readers separately for each service.”
May 13, 2019
On the web
Brazil’s Itau Unibanco to Launch New Payments App Using QR Code
Reuters
“Itaú’s new platform, called Iti, will work through an app connecting individuals and merchants and will be available to both clients and nonclients of the bank, it said on Monday. Merchants using Iti will pay a fee of 1% per transaction and will receive payments instantly – cheaper than fees currently charged by many card processors. The app also does not require merchants to buy or rent card reader machines. Shares of Brazilian card processors, such as PagSeguro Digital Ltd, StoneCo Ltd and Cielo SA, fell sharply after Itaú’s announcement.”
March 25, 2019
On the web
Japan Adopts New Payments Tech in Response to Chinese Tourism Boom
Skift
“Americans and Europeans who used to scoff at QR-style bar codes are going to need to learn how to use them to pay for meals, attractions, and tickets whenever they visit Japan. The reason? Swelling Chinese tourism is prompting the country to adopt China’s preferred mobile payment method.”
March 6, 2019
Top Post
Exclusive: Mexican central bank in talks with Amazon about new…
Reuters
“It would be the first time the world’s largest online retailer offers such scanning technology in Mexico and could eventually open a new customer base in a nation where more than half of the population has no bank account. The payment system, known as CoDi, is being built by central bank Banco de México, known as Banxico. CoDi will allow customers to make payments online and in person through smartphones free of charge using QR codes. It aims to bring more people into the formal financial sector.”
March 5, 2019
On the web
The NFC Forum’s Latest Spec Is Aimed Squarely at QR Codes
Digital Transactions
“Backers of near-field communication technology for mobile payments made it plain on Tuesday they’re ready to fight back against quick-response codes, a rival technology that has won support not only from giant systems like China’s Alipay and WeChat Pay but also domestically from merchant apps from big chains like Walmart Inc. and Kohls Corp. The NFC Forum, a Wakefield, Mass.-based standards body, released what it calls a “candidate” spec aimed at making mobile transactions even easier than with QR codes. The Money Transfer Candidate specification’s method would apply to both person-to-person and consumer-to-merchant transactions, and now awaits industry review and comment.”
January 31, 2019
On the wires
RiverPay Integrates UnionPay QR Code Payment to Offer Full Portfolio of Chinese Leading Mobile Payment Options
“RiverPay Inc., an integrated payments and marketing platform to connect Chinese consumers with overseas merchants and the authorized payment service provider of AliPay and WeChat Pay, today announced the strategic partnership with UnionPay International in North America, which enables RiverPay to add UnionPay QR code payment to its existing payment portfolio. From the partnership, RiverPay is now able to offer all major mobile payment options favored by Chinese consumers to all its merchants for them to better seize the huge purchase potential of outbound Chinese consumer market.”
January 14, 2019
On the web
With Help From Citcon, North American Merchants Begin Accepting UnionPay QR Codes
Digital Transactions News
“With the rise of Chinese tourism, North American merchants have proved eager to accept Chinese mobile wallets like Alipay and WeChat Pay, and now they can add UnionPay cards to that mix. Citcon USA LLC said Monday it will enable merchants in the United States and Canada to accept quick-response (QR) codes at the point of sale for UnionPay International payments. Founded in 2002 and based in Shanghai, UnionPay claims a card base of some 7 billion globally, which it says is the largest in the world.”
January 7, 2019
On the wires
JCB Launches QR Code Payment in the Asian Region
“JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd, today announced that JCB has launched EMV standardized QR Code Payment service. JCB QR Code Payment is a new mobile payment solution for JCB cardmembers to scan the QR Code displayed at the merchant point-of-sale by their mobile phone. This merchant-presented QR Code Payment is a cost-efficient and easy implementation solution for JCB partner financial institutions and their merchants.”
December 20, 2018
On the web
Indonesian mobile payments set for cross-platform boom
Rapida
“Although they already saw rapid growth in 2018, transactions via mobile payments platforms and prepaid cash cards, which are very popular in underbanked Indonesia, still account for a small slice of retail sales. They will make up a bigger slice in 2019 when Bank Indonesialaunches a centralised gateway allowing cross-platform transactions. At the heart of this system are QR codes, the low-cost, low-tech, phone-scannable bar codes which are powering commerce across Asia.”
December 4, 2018
On the web
Over 62,000 stores nationwide to implement Zero Pay system
Korea Times
“More than 62,000 stores will join the Seoul Metropolitan Government’s move to implement “Zero Pay,” a QR code-based transaction platform that is aimed at reducing the financial burden on small businesses that pay transaction fees to credit card companies.”
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