The Inspiry Smart Box is now available in Sydney.
Chinese mobile payment solution Inspiry has launched a self-service QR code payments terminal in Sydney, Australia. Called the Inspiry Smart Box, the terminal has been installed in many of the city’s shopping malls, restaurants, supermarkets, jewelry shops and cafes.
Users of the self-service payment terminals simply need to scan a QR code to make a transaction.
Using the self-service QR code payments system is quick, easy and convenient for consumers. To make a transaction via the Inspiry Smart Box, consumers simply need to scan the quick response (QR) code that is generated by their smartphones.
“As an easy-to-deploy, easy-to-use and efficient solution that costs the merchant little to install, mobile QR code-based electronic payment connects online and offline mobile internet services, offering huge potential for added value services to local businesses,” said Inspiry International COO Gao Zilong, reported Electronics Payment International.
The self-service QR code payments terminal can help boost the development of Australia’s mobile payments industry.
Beyond serving the Chinese living in Australia and Chinese who visit the nation who prefer to make QR code payments, Zilong says that Inspiry’s goal is to also “help boost the development of Australia’s payment industry with Chinese offline mobile payment solutions.”
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Moreover, the launch of the new payment terminal in the New South Wales capital is reportedly indicative of Australia’s speedy growth in the mobile payments sector. Additionally, according to data from Australia’s central bank, the nation ranks as the sixth largest country in the world in regard to electronic payment adoption.
That being said, while electronic payment adoption has experienced growth in the country, cash transactions, on the other hand, are dwindling. In 2016, cash transactions reportedly accounted for 37% of consumer payments in the country, a dramatic decrease from the 69% back in 2007.
This is not the first time QR codes in Australia have been used to benefit Chinese consumers. Back in 2017, QR Code Press reported that Australia olive oil producers added authenticity QR codes to their product labels to allow Chinese consumers to verify the authenticity of the product.