New AFCA endorsed standard likely to expand QR code adoption

QR code adoption - barcode construction

The digital ecosystem in China is set to expand with a new QR code standard. A new quick response (QR) code standard released by the Asian Financial Cooperation Association (AFCA) could lead to further QR code adoption in China. The number of Chinese who use QR codes to make payments is rising. Many merchants in China prefer customers to pay via QR code. It doesn’t matter if what the customer is paying for is breakfast, a movie or cab fare. Today, a great number of Chinese make QR code payments…

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