Tencent QR code payment service users exceeds 50 million

Tencent QR Code - Public Transport in China

More than 50 million users across 100 cities in China now use the QR code payments for public transportation. Tencent’s QR code payment service that it launched for public transportation “sao yi sao”, back in 2017, recently exceeded 50 million users across 100 cities, according to local media in China, reported TechNode. Tencent has placed a special focus on public transportation. Since 2017, the massive China-based internet company has set its sights on integrating its technologies into public transportation, among these technologies included Tencent QR code payments. It has also…

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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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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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QR code payment fraud in China’s radar with new caps

china QR code payment fraud globe

As popular as the mobile transactions may be, the country’s central bank is issuing new security regulations. China’s central bank is rolling out new regulations to help prevent QR code payment fraud. Quick response codes have become exceptionally popular in the country but have exposed consumers to fraudulent activities from criminals. Some of the most popular mobile payments apps in China currently use the barcodes to complete transactions. Both WeChat and Alibaba’s AliPay – two of the largest mobile payments apps in the country – use QR code payment technology…

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QR code metro passes will soon be available to Shanghai riders

example of turnstiles - QR code metro

Commuters will be able to use their smartphones to scan quick response codes to pay for trips. A number of Shanghai metro stations have QR code metro pass codes to let riders scan to pay. These new mobile payments are meant to make it faster and more convenient for commuters to pay their fares. The subway passengers are able to pay for their tickets by using either of two mobile payments services. The two QR code metro fare services are Alipay and China UnionPay. Riders who use either of those…

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