QFPay digital payments receives funding to expand globally

QFPay digital payments recieves funding - Investors - money

QR code-based payment technology company, QFPay receives $20 million in funding. The new funding comes from QFPay digital payments investors, Sequoia Capital China and Matrix Partners. The Hong Kong-based company also received funding from new investors, Japan-based Rakuten Capital, Dubai-based VentrueSouq, and the corporate VC arm of Telkom Indonesia, MDI Ventures. With this new financial support, QFPay intends to expand its digital payments presence further. These new investments will give QFpay digital payments the chance to not only continue to expand within its core markets across Asia, but also further…

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Canadian shoppers can use Bitcoin payments for Newegg purchases

Bitcoin Payments - Canada Newegg Accepts Bitcoin

The online computer hardware and consumer electronics retailer will now accept the top cryptocurrency. Newegg recently announced that its Canadian customers will be able to make bitcoin payments to complete purchase transactions. The cryptocurrency is now listed among the retailer’s accepted transaction methods. The company revealed its new adoption of cryptocurrency in a recent press release. American consumers have been able to make bitcoin payments at Newegg since August 2014. This made the company one of the first ever major retailers to accept the cryptocurrency. According to Newegg, since it…

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Mobile payments growth gap barely there between millennials and older generations

visa mobile payments growth

Visa has been taking aim at Singapore for the creation of a cashless society, with surprising findings. Visa’s effort to turn Singapore into a cashless society has centered heavily around promoting mobile payments growth. The credit card giant recently released its Consumer Payment Attitudes Survey 2016, revealing some unexpected data. It came as little shock that Singaporeans are embracing mobile payment transactions for many purchases. Singapore mobile payments growth has been greatly driven by the willingness of the people to use their smartphones for on demand services as well as…

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Mobile payments will have eliminated cash by 2030, report

mobile payments wallet cash

According to the predictions released by IEEE, traditional transactions will fall aside that year. Although it can’t be disputed that mobile payments have been having a struggle in taking off and that it has been taking a great deal of effort to try to convince consumers to adopt this technology for using smartphones instead of cash or credit cards while in brick and mortar stores, a recent prediction is indicating that the time will come for this tech. A new report released by IEEE has looked into several related factors…

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Digital Currency is the Way of the Future

mobile payment security concerns Digital Currency

Digital currency is beginning to become a defining feature of a new era in technological integration. Mobile devices are everywhere, more people are beginning to shop online rather than at physical stores, and physical currency is quickly losing its appeal as a symbol. Years ago, a person could flash a roll of cash and attract envious gazes. Now, however, the color of a credit card and a smartphone can say more about a person’s financial status that a pile of physical money. Mobile commerce is to blame for this trend.…

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