Tag: mobile payments

Why QR Code Payments Are the Secret to APAC’s Digital Wallet Boom

Angela Linders
qr code payment alipay

The Rise of Digital Wallets in APAC: Redefining Payments and the Future of Cashless Economies Across the Asia-Pacific (APAC) region, digital wallets such as Alipay and WeChat Pay have fundamentally reshaped the way individuals and businesses handle money. From paying for a morning coffee to securing government subsidies, these mobile payment innovations have positioned APAC as a global leader in the transition toward cashless economies. But what makes this transformation so significant, and what challenges remain in this highly dynamic landscape? Cashless Economies on the Rise By 2024, an estimated…

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QR codes offer Tencent a fresh opportunity in Southeast Asia

Stephanie Beck
QR Codes - Payments - Southeast Asia Map

The quick response barcodes offer a new way for the Chinese company to expand in mobile payments. Tencent is looking to QR codes as a strong opportunity to expand its mobile payments system throughout more of Southeast Asia, using its WeChat Pay. The Chinese giant’s digital wallet is already ubiquitous domestically Tencent spoke at the edge of the Money 20/20 conference this year on the subject of technology in Asia.  There, a company exec said that by linking QR code mobile payment systems cross-border, WeChat Pay – called Weixin Pay…

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Mobile security remains a leading barrier to digital bill payments

Sam Lambert
Mobile security - Payment Concerns

As much as consumers are more confident in their devices, they still have serious concerns Mobile security was a substantial barrier to the widespread adoption of digital payments and wallet apps, despite the convenience they had to offer their users. Millions of people now use digital payments Still, as much as this technology has increased considerably in popularity in recent years, mobile security is still a leading barrier to its use or to the use of some of its features such as bill payments. About 60 percent of US consumers…

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Fitbit users really weren’t shocked about this mobile wallet warning

Jorge Gonzalez
Mobile wallet - Person wearing older Fitbit model with warning sign

The fitness tracker’s users were recently notified that the will be required to switch to Google Wallet Fitbit users knew that the change was coming, so when they received an email and/or notification telling them that they would need to switch to the mobile wallet of the gadget’s parent company, nobody was all that shocked. Fitbit Pay is shutting down and Google Wallet will take over Ever since Google acquired Fitbit, device wearers have been waiting for the announcement that the parent company would be using its own branded version…

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Japan and other Asian countries to collab on QR code payments

Jorge Gonzalez
QR code - Japan Flag in code

The barcodes are already popular in many of the countries, so they now aim to make them compatible Japan has joined a number of other Asian countries in an effort to create a QR code payments system that ca be used across all their borders, making it easier for the digital transaction services to be used from one country to the next. There are a number of Southeast Asian countries involved Among the countries joining the QR code payment system collaboration is India, among several other Southeast Asian nations. Payments…

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