Japan Bank Consortium looks to Ripple app mobile payments

Ripple App - Image of Mobile User with iPhone

The cryptocurrency has been attracting considerable financial sector attention and is set to explode. The Ripple app is taking the spotlight in front of the massive Japan Bank Consortium. The cryptocurrency has been drawing considerable global financial sector attention. The company behind it is developing a unique method of streamlining cross-border transactions. Many feel the Ripple app could turn the banking industry on its head. The Japanese bank consortium is looking to get in early to adequately revamp to keep up. The new mobile app recently launched in the country.…

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BNM dives into QR code payment services, calls itself a disruptor

QR code payment services - Bank Negara Malaysia

Bank Negara is taking on the many challenges associated with quick response codes in Malaysia. Bank Negara Malaysia (BNM) is placing a focus on rolling out QR code payment services. This is a part of a broader strategy to disrupt the traditional banking industry. At the Malaysia Fintech Expo, BNM specifically referred to itself as “the biggest disruptor in the room.” The bank referred to itself in that way as a part of a question its director of its payment systems policy department, Tan Nyat Chuan, asked in his keynote…

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QR code based payments next up for Japanese banking coalition

QR code based payments - Yen symbol

A new quick response code system for mobile transactions will be ready by the end of March. A Japanese megabank coalition is moving forward with a new QR code based payments system. The system will be ready by the end of March. That said, the whole thing won’t roll out until the 2019 fiscal year. The coalition is composed of three very large and powerful banks headquartered in the country. The three banks making up the coalition are Sumitomo Mitsui Financial Group, Mizuho Financial Group, and Mitsubishi UFJ Financial Group.…

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Facebook Messenger QR codes will make MasterCard mobile payments possible

NFC mastercard Facebook Messenger QR codes

The credit card giant is adding quick response codes to the platform to facilitate purchasing. MasterCard has revealed its intentions to use Facebook Messenger QR codes to allow for mobile payments. This will have a particular focus on the small business marketplace in Africa and Asia. The Messenger app is very popular in those markets, making it a natural fit for businesses there. Moreover, using Facebook Messenger QR codes combines a popular mobile app with quick response barcodes. QR codes are already commonplace and widely used in those regions. Therefore,…

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Barclaycard restaurant mobile payments let diners walk out without the wait

woman cell phone restaurant mobile payments

Until now, to “dine and dash” meant running off without paying, but that’s about to change. Barclaycard has announced that its customers will be able to make restaurant mobile payments by simply leaving an establishment. The solution means diners can leave once they’re finished eating. It eliminates the need to wait for a bill at the end of a meal. The service has been nicknamed “Dine & Dash” because diners can leave without waiting for a bill. To use the Dine & Dash restaurant mobile payments service, customers need a…

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Temple in Thailand new receives QR code donations

Thailand temple qr code donations

Wat Samrong Tai has made it possible for visitors to use mobile payments to make donations. A temple called Wat Samrong Tai in Thailand’s Phra Pradaeng district is using QR code donations to make it easier for visitors to give in an increasingly cashless society. The temple has created a payment transaction point that involves scanning quick response codes. The QR code donations are processed by way of the PromptPay system. That mobile payments system is promoted by the Thai government itself. The goal is to help to make it…

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NTT Docomo QR code payment rolls out in Japan

NTT Docomo qr code japan

The massive mobile carrier will allow its subscribers to make mobile payments at stores using quick response codes. The New NTT Docomo QR code is being rolled out across Japan, allowing the mobile carrier’s subscribers to use their smartphones to purchase products and services. The new system will allow the mobile devices to act like credit or debit cards for completing payment transactions, with verification through quick response code scans. The rollout is already beginning but customers will have access to the mobile payments as of April. Officials state that…

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Starbucks cashless store rolls out, pushing mobile payments further

Starbucks cashless store Mobile Marketing

The coffee chain has been among the top performers in American smartphone based transactions. A new Starbucks cashless store pilot is rolling out in the United States. The Seattle based café chain has chosen its home town to try out a new concept that rejects cash in favor of mobile payments and plastic card based transactions. The downtown Seattle store will accept only mobile payments, credit cards and debit cards. The Starbucks cashless store pilot has already generated some mixed reviews among customers. While some find that it is a…

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New Shell QR code makes it easier to pay for gas

gas station Shell QR code

Customers using the stations in Thailand can scan quick response codes for a cashless fueling experience. The Shell Company of Thailand (SCOT) recently held a press event in which it announced its new Shell QR code, allowing consumers to fuel up without the need for cash. This represents the first time this type of mobile payments service has rolled out in the country’s gas stations. The press event came with a “Making Life’s Journey Better with Cashless Stations” theme. At the event, the company told the press that its Shell…

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Alphabet streamlines its mobile wallet app for improved offering

google browser texting

Android Pay and Google Wallet will soon be combined into a single Google Pay service. Alphabet Inc. has announced that its mobile wallet app offerings will soon be streamlined into a single service. It will be bringing its Android Pay and Google Wallet into a single brand, which it will call Google Pay. The goal is to make it easier for users to make mobile payments using information saved into their Google Account. “With Google Pay, it’ll be easier for you to use the payment information saved to your Google…

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Chinese mobile payments taking off as country moves toward cashlessness

Chinese mobile payments

A growing number of cities throughout the nation are accepting smartphone transactions for public transit. Chinese mobile payments are becoming increasingly valuable as residents, merchants and services adopt its use on a rising basis. During the quarter running from July through September 2017, their value tripled. Alipay and WeChat Pay use has been spreading like wildfire throughout Chinese cities. Consumers are using these Chinese mobile payments apps to pay for products, services, tickets and even high yield financial products. During that same quarter, the transactions in the country totaled an…

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