UnionPay QR Code payments expand in Vietnam

UnionPay QR Code Payments - Vietnam

UnionPay has reached an agreement with VNPAY UnionPay QR Code payments will now be accepted by 30,000 local merchants in Vietnam after UnionPay International (a wholly-owned subsidiary of China UnionPay) reached an agreement with QR Code payment acquirer, Vietnam Payment Solutions (VNPAY). These barcode payments will also be widely accepted by online merchants. In addition to enabling local merchants to accept these payments, both UnionPay International and VNPAY will work together to expand the acceptance of UnionPay QR code payments so that they can benefit online merchants, as well. The…

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QR Code based payments coming to Hong Kong’s rail network

QR Code Based Payments - Hong Kong Rail

MTR plans to implement a payment system that uses quick response codes. In an official statement released by MTR Corporation, Hong Kong’s rail operator, the company announced that it intends to implement QR code based payments on existing AFC (Automatic Fare Collection) gates. Passengers will be required to pre-generate a QR based transit code. The new QR Code based payments system will be built on a travel first and pay after payments model. Under this new system, passengers will need to pre-generate a quick response based transit code to enter…

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Social media tax and mobile money tax to hit Ugandans

Social Media Tax - WhatsApp - Facebook - Mobile Apps

Uganda’s parliament approves new tax laws for Whatsapp, Facebook and Twitter A new social media tax will soon come into effect for Ugandans. The approved law will impose a tax every day a citizen uses WhatsApp, Facebook, Twitter or other social media services. Mobile money transactions will also be taxed. In addition to the social media tax, Ugandans will be taxed for all mobile money transactions. Citizens will be required to pay a 1% tax on all mobile money transactions. As for taxation on social media, the fee that will…

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EMVCo takes steps to promote the use of EMV QR code payments

QR Code Scan - EMV QR code payments

EMVCo has created a unique royalty-free QR payment mark. This QR Payment Mark has been created for the purpose of promoting global interoperability across EMV QR code payments, according to a recent EMVCo press release. All implementers of EMV QR Code solutions can use the mark. EMVCo developed reproduction requirements as well as a free licensing structure for the mark. This enables it to be used by all who want to implement EMV QR code payments. The machine-readable quick response barcodes have grown in popularity over the years and are…

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Bangladeshi Visa QR code payment solution launching in October

Visa QR code payment - Visa Cards

The credit card giant will be rolling out transactions via quick response code and contactless tech. Visa QR code payment solutions are slated to roll out in Bangladesh by October. The global payment provider has also announced that it will simultaneously roll out contactless payments. Almost 20 banks have already submitted their applications to be able to participate. The Visa QR code payment and contactless payment service have proven to be highly popular among banks. There have already been nearly 20 banks applying to be able to incorporate the new…

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Huawei mobile payments expand into new Bitcoin Wallet

Huawei mobile payments - Bitcoin Payments

BTC.com has become the first bitcoin wallet to launch on the recently-debuted handset maker’s app store. Huawei mobile payments have been brought to a whole new level with an important first. BTC.com, based in Amsterdam and Beijing, has become the first bitcoin wallet on Huawei’s new app store. This brings an important mobile payments opportunity to Chinese consumers behind the “Great Firewall.” The Huawei mobile payments will make it easier for Chinese residents to access cryptocurrency wallets, according to a CNN report. Both the Chinese government and telecom companies have…

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Bitcoin QR code on murals earns street artist a cool $1,000

Bitcoin QR Code - Street art, grafity, mural

Pascal Boyart is using quick response codes to help kick start his street art with cryptocurrency donations. A street artist named Pascal Boyart has decided to take a more modern route to funding his art, using a Bitcoin QR code. This way, he has allowed himself to earn an income without relying on traditional avenues. Boyart managed to earn revenues from his murals without needing an exhibition in a gallery. The Bitcoin QR code was a part of a growing movement artists have been using to replace the need to…

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Digital QR code ID cards headed to China

QR code ID cards - ID Card

The country’s e-governance is using a combination of quick response codes and smartphones for identification. China is launching a new type of QR code ID cards for its citizens to use, provided they don’t mind a digital facial scan. This marketplace is known for the success of its mobile payments and m-commerce systems. The popularity of mobile payments has reached the point that it is driving the country forward into becoming cashless. This has been a goal for many nations around the world, but China is doing it successfully. It…

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Retail mobile payments can help to reshape the customer in-store experience

Retail Mobile Payments - Shopping in-store - shop with Open sign

Retailers have been working to achieve an improved unattended shopping experience. Achieving an improved customer experience is leading stores to embrace retail mobile payments. Retailers are attempting to improve the customer experience through the use of technology. The hope is to offer greater conveniences without having to hire more staff. A great deal of this focus has been placed on the integration of a frictionless point-of-sale payment. The interest in retail mobile payments made the topic one of the best attended informational sessions at the Las Vegas Convention Center for…

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Canadian shoppers can use Bitcoin payments for Newegg purchases

Bitcoin Payments - Canada Newegg Accepts Bitcoin

The online computer hardware and consumer electronics retailer will now accept the top cryptocurrency. Newegg recently announced that its Canadian customers will be able to make bitcoin payments to complete purchase transactions. The cryptocurrency is now listed among the retailer’s accepted transaction methods. The company revealed its new adoption of cryptocurrency in a recent press release. American consumers have been able to make bitcoin payments at Newegg since August 2014. This made the company one of the first ever major retailers to accept the cryptocurrency. According to Newegg, since it…

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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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