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…

Read More

Hong Kong subway riders will soon use QR payments

QR payments - Hong Kong Subway

Commuters will be able to scan a barcode to pay their fare for using the public transportation. The Hong Kong subway system will soon allow riders to use QR payments to pay their fare. This use of QR code scans as a form of ticketing is rising in popularity all over the world. The Hong Kong subway system’s mobile payments are a part of a new deal with Ant Financial. The deal between the subway system and Ant Financial – Alibaba’s payment affiliate – was first announced last week. As…

Read More

QR code payment service to be offered to Thai travelers in Japan

QR Code Payment Services - Japan Tourism

A QR code-based mobile payment service is to be launched in Japan for Thai tourists. MUFG Bank, Japan’s largest bank, and its Thai subsidiary, Bank of Ayudhya, is launching a QR code payment service designed specifically for Thai travelers. This service will allow these foreign travelers to make cashless purchases in Japan. Bank of Ayudhya will link its already operational QR code system to Japan. The QR code payment system, which already exists for the Thai lender’s customers in Thailand, is slated to be connected to Japan in December of…

Read More

Cellum reaches QR code mobile payments deal with Deloitte Touche Tohmatsu

QR code mobile payments - Handshake Deal

The mobile transaction solutions company headquartered in Hungary is partnering with the Japanese giant. Cellum Group has signed an agreement with Deloitte Touche Tohmatsu LLC to launch a new QR code mobile payments service. The idea is to bring the quick response code based transactions into Japan with more widespread success. Cellum, a mobile transaction solutions company, signed the deal with one of Japan’s largest professional services firms. The two companies want to overcome the hurdles of QR code mobile payments and create a mainstream service within the country. A…

Read More

SGQR Code launches as a universal QR Code payment in Singapore

SGQR code - Singapore QR Codes - Singapore Flag

The national QR Code allows consumers to scan and transfer funds from 27e e-payment apps. SGQR code is a universal QR code that was recently launched in Singapore to give merchants the ability to accept different cashless payments without having to display multiple quick response codes. The SGQR enables consumers to scan and transfer funds from as many as 27 e-payment applications. SGQR is now ready for commercial roll out. While the fist technical specifications of the SGQR code were first unveiled in November 2017, it is only now ready…

Read More

QR code payments slowly gain ground in Japan

QR Code Payments Japan - Tokyo City

The pace payment growth through quick response codes has been slow in Japan. QR code payments are steadily on the rise in the country, with the number of convenience stores, restaurants and other shops slowly adopting this convenient form of payment. Still, the pace of growth has certainly been slow, and part of this reason is due to commission fees. Stores who offer the payment method typically have to cover a 3% commission fee. Cash still remains the primary payment option in Japan, but major information technology firms are working…

Read More

QR Code based payments coming to Hong Kong’s rail network

QR Code Based Payments - Hong Kong Rail

MTR plans to implement a payment system that uses quick response codes. In an official statement released by MTR Corporation, Hong Kong’s rail operator, the company announced that it intends to implement QR code based payments on existing AFC (Automatic Fare Collection) gates. Passengers will be required to pre-generate a QR based transit code. The new QR Code based payments system will be built on a travel first and pay after payments model. Under this new system, passengers will need to pre-generate a quick response based transit code to enter…

Read More

EMVCo takes steps to promote the use of EMV QR code payments

QR Code Scan - EMV QR code payments

EMVCo has created a unique royalty-free QR payment mark. This QR Payment Mark has been created for the purpose of promoting global interoperability across EMV QR code payments, according to a recent EMVCo press release. All implementers of EMV QR Code solutions can use the mark. EMVCo developed reproduction requirements as well as a free licensing structure for the mark. This enables it to be used by all who want to implement EMV QR code payments. The machine-readable quick response barcodes have grown in popularity over the years and are…

Read More

BNM dives into QR code payment services, calls itself a disruptor

QR code payment services - Bank Negara Malaysia

Bank Negara is taking on the many challenges associated with quick response codes in Malaysia. Bank Negara Malaysia (BNM) is placing a focus on rolling out QR code payment services. This is a part of a broader strategy to disrupt the traditional banking industry. At the Malaysia Fintech Expo, BNM specifically referred to itself as “the biggest disruptor in the room.” The bank referred to itself in that way as a part of a question its director of its payment systems policy department, Tan Nyat Chuan, asked in his keynote…

Read More

QR code based payments next up for Japanese banking coalition

QR code based payments - Yen symbol

A new quick response code system for mobile transactions will be ready by the end of March. A Japanese megabank coalition is moving forward with a new QR code based payments system. The system will be ready by the end of March. That said, the whole thing won’t roll out until the 2019 fiscal year. The coalition is composed of three very large and powerful banks headquartered in the country. The three banks making up the coalition are Sumitomo Mitsui Financial Group, Mizuho Financial Group, and Mitsubishi UFJ Financial Group.…

Read More

Facebook Messenger QR codes will make MasterCard mobile payments possible

NFC mastercard Facebook Messenger QR codes

The credit card giant is adding quick response codes to the platform to facilitate purchasing. MasterCard has revealed its intentions to use Facebook Messenger QR codes to allow for mobile payments. This will have a particular focus on the small business marketplace in Africa and Asia. The Messenger app is very popular in those markets, making it a natural fit for businesses there. Moreover, using Facebook Messenger QR codes combines a popular mobile app with quick response barcodes. QR codes are already commonplace and widely used in those regions. Therefore,…

Read More