Tag: cashless payments

Brazil’s Central Bank unveils a national QR code standard

Stephanie Beck
National QR code standard - Brazil

The financial authority in the country has released new regulations to help universalize mobile payments. The Central Bank of Brazil has announced a new national QR code standard meant to help make mobile payments more universal. The country has been pushing forward to adopt cashless payments and this is the latest step in that effort. The new quick response code regulations will become compulsory as of September 2020. “The new rules aim to increase transparency for end-users, both payers and recipients, by expanding and improving access to information and, thus,…

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New Shell QR code makes it easier to pay for gas

Jennifer Goula
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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Canadian mobile payments could form a cashless society

Julie Campbell
Canadian Mobile payments

This prediction about the country’s transaction systems has been made by MasterCard. When it comes to cash, it is becoming increasingly rare to see in the average wallet in Canada, not because consumers don’t have any money, but because these consumers are relying more heavily on cashless transactions, such as debit and credit cards, as well as Canadian mobile payments. Residents of the country have been adopting transactions with their smartphones quite rapidly. When compared to their counterparts in similar economies, Canadian mobile payments have been taking off quite quickly…

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Mobibucks takes step toward cash-free future

Jennifer Goula
Mobile Payments market trends

Mobibucks, a company based in Louisville, Kentucky, has announced that it believes that its technology will play an important role in the upcoming trend toward cashless payments made with a mobile phone.   The Mobibucks technology allows a shopper to use his or her smartphone for making payments at physical brick-and-mortar stores using nothing more than a mobile number and a PIN.   As of yet, members of Mobibucks can’t yet use this technology in order to pay for the products they want to buy using their American bank accounts.  So far,…

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