QR code payments at PayFast up by 412 percent

QR code payments - Transaction

The digital payment processing company based in Cape Town has seen an explosion of barcode use. PayFast, a digital payment processing service based in Cape Town, South Africa, has reported a rise of 412 percent in its QR code payments. These transactions were processed via Masterpass from March 2020 through February 2021. The extreme growth trend is seen as the result of the pandemic’s instant need for contact-free transactions. The rise in QR code payments, usage in general and scans has risen quickly as the pandemic required businesses and consumers…

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iZettle rolls out POS QR codes for British merchants

POS QR Codes - payment via QR code

The PayPal-owned business introduced the mobile payments options in the United Kingdom. PayPal has launched new POS QR codes for mobile payments through the iZettle app. The idea is to make it easier to achieve contactless, secure transactions in the United Kingdom in the midst of restrictions due to the COVID-19 pandemic. The new quick response code-based point of sale option provides small businesses with new options. “Small businesses need access to commerce tools that help them sell securely and meet their customers wherever they are — in-store, online and…

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CVS to use pharmacy QR code to accept PayPal and Venmo payments

Pharmacy QR code - CVS Pharmacy

Customers can now use a touch-free digital checkout process at 8,200 of the store’s locations. CVS Pharmacy, CVS Health’s retail division, announced that customers can use pharmacy QR code payments to check out touch-free using PayPal or Venmo. The barcodes are available to be used at 8,200 of the retailer’s standalone locations across the country. These pharmacy QR code payments make it possible for customers to shop in-store and pay for their items without having to sign a receipt or come in contact with a keypad. This allows them to…

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Super Value and MobileAssist unveil Bahamian QR code payments

Bahamian QR Code Payments - grocery store

The collaboration is mean to make it easier for shoppers in the Bahamas to purchase their groceries. Mobile Assist, a financial technology provider in the Bahamas, is working with Super Value to provide shoppers with a Bahamian QR code payments option for cashless transactions while buying their groceries. The partnership has made it possible for consumers to skip the use of cash when buying their food. MobileAssist released a statement about the Bahamian QR code payments partnership, explaining that it provides consumers with more transaction type options at the checkout…

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The consumer shopping experience is increasingly dependent on mobile payments

Consumer shopping experience - mobile payment

A new Buyer PaymentsInsights Survey by Mercator Advisory Group examined this trend. Mercator Advisory Group has released the outcomes of its recent Primary Data report, Buyer PaymentsInsights – Payment Behavior: Younger Shoppers Lead a Change, showing that mobile payments has become highly critical to the consumer shopping experience. The report’s conclusions are based on Mercator’s 2020 Buyer PaymentsInsights Survey. This online survey involved the participation of 3,000 adult consumers in the United States. It was conducted before the outbreak of the pandemic in the U.S., in February 2020. It examined…

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