Unified QR code payments system could become serious competition for major credit cards

Unified QR code payments - figures building QR code

A new mobile payments initiative could become the leading digital payments method in Europe. Several mobile wallet companies across Europe have teamed up with Alipay to create a unified QR code payments system. These companies include Bluecode, momo pockets, ePassi, Pivo, Pagaqui, and Vipps. The adoption of this code will allow payment interoperability for travelers in Europe and from China. The idea behind the unified QR Code payments initiative is to allow users of the six European digital wallets to make QR code payments with their applications at local merchants…

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