QR code payment system to be set up in Norway for Chinese tourists

QR Code payment system - qr code on smartphone

Vipps cooperates with Alipay to provide tourists from china with more convenient payment options. The joint QR code payment system will see Norwegian mobile payments app Vipps cooperate with Chinese mobile payment app Alipay to allow Vipps payment to be used outside Norway as well as open up the system for mobile payments by Chinese tourists visiting the nation. Chinese tourism to Norway has soared since 2007. Between 2007 and 2017, Chinese tourism to the Nordic country has climbed a whopping 575%, according to national development bank Innovation Norway. The…

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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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Chinese mobile payments are driving the country toward becoming cashless

Chinese mobile payments

People in the country have used cash for thousands of years but smartphones are rapidly replacing it. Chinese mobile payments are quickly gaining ground as the country goes increasingly cashless in favor of smartphones. Despite the popularity of cash and the fact that it has been used in China for millennia, its days may be numbered. This move toward mobile wallets is allowing much of the country to skip the use of plastic credit cards. In May, the Trump administration celebrated a bilateral deal with China, allowing American credit cards…

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Apple Pay could make the leap into China’s mobile payments market

Apple maps mobile payments

CEO Tim Cook spent four days in the country and suggested that the service could be rolled out there. It may not be very long before Apple Pay rolls out in the tremendous Chinese market, as the CEO of the company, Tim Cook, suggested this about its mobile payments system when speaking to the state media. Cook explained that the launch of that service within China is at the “top of the list” for his company. Apple Pay was only just launched in the United States, this month, giving consumers…

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American Express makes a move on Chinese mobile commerce

china people mobile commerce

Mobile payments continue to grow in China Mobile commerce is making strong progress in China. A growing number of people are using their mobile devices to shop online and this is putting pressure on businesses to become more mobile-centric or risk being left behind by consumers. American Express has announced its partnership with China Mobile, the largest telecommunications company in China. Through this partnership, the two companies will work to promote Hebao, an NFC-based mobile payments system. Hebao aims to make it easier for Chinese consumers to make payments while…

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Mobile payments standard for China expected in 2013

Mobile Payments

The guidelines are expected to be released as early as this year, as they have already been created. A recent report from Marbridge Daily has revealed that China will soon be announcing a national mobile payments standard specification which has been long awaited in that country, just as other nations are awaiting their own. This is meant to help to provide the industry with the guidance it needs to move forward with greater confidence. The report stated that the mobile payments standard has already been drafted and that it is…

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Mobile payments partnership expands between Western Union and ChinaPay

Western Union Mobile Payments

This agreement between the two giants will allow Universities worldwide to use Direct RMB transactions. The Western Union Business Solutions unit has just announced that it will be broadening its partnership with ChinaPay, the UnionPay subsidiary for online and mobile payments from China’s bankcard association. This will allow participating universities around the globe to accept international tuition. In addition to the tuitions for these institutions of higher education, they will also be able to accept student fees in the Renminbi (RMB) the currency of the People’s Republic of China. As…

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Mobile payments to take off in China over the next three years

China Mobile Commerce

Chinese consumers are expected to adopt the method quite widely by 2015 As mcommerce takes off in China, it is leading to a number of other associated growths, such as in mobile payments, which are expected to continue their momentum to the point that they will be highly profitable as early as 2015. A recent report has shown that although it is still just emerging in China, it will soon explode. The mobile payments report was created by Deloitte & Touche, and demonstrated that although the Chinese marketplace for paying…

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