First QR code transport ticketing system launched in the Philippines

QR code transport ticketing system - Commuters in station

AF Payments partnered with GCash to launch the quick response (QR) code-based system. AF Payments, Inc., the company behind tap-and-go payment system “beep,” has teamed up with GCash to roll out the first QR code transport ticketing system in the Philippines. The first to adopt the mobile payments system will be the Metra Manila-based BGC Bus and the Cebu-based Topline Express Ferries. Passengers simply pay for their transit tickets through the GCash mobile app. BGC Bus and Topline Express Ferries customers can now pay their faire through the GCash app…

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Cross-border European mobile payment network in the works

European Mobile Payment Initiative - Euros - mobile phone

Seven European payments operators are partnering to create a cross-boarder mobile payments network. The European Mobile Payment System Association initiative has been announced by seven European payments operators that own and operate mobile payments services in Europe. These operators, many of which are owned by banks, are in the process of building a pan-European network that focuses on cross-border mobile-based payment transactions. The move comes as banks and traditional financial services companies battle fintechs and global tech giants. The seven businesses and payments networks involved in the initiative include: •…

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QR code security update needed, says Quick Response code creator

QR code security - Smartphone with QR code

Japanese engineer, Masahiro Hara, vows to strengthen the safety of the system. Hara, the creator of the 2D code, says that improved QR code security is needed since it has become so popular and is now being widely used as he hadn’t expected for various applications all over the globe. Now that it is a worldwide multipurpose application utilized in a variety of fields, including cashless payments via smartphones, Hara wants to strengthen the safety of the system. The QR Code is celebrating its 25th anniversary in 2019. The quick…

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Restaurant chain in B.C. Canada implements tabletop QR code

tabletop QR code - restaurant customers

Tap & Barrel introduced QR code payments at tables. Customers at British Columbia (B.C.) restaurant chain Tap & Barrel can view and pay their bill by scanning a tabletop QR code. The quick response (QR) code “robo-servers” have been implemented to streamline bill payments and even lets diners split their bill. Customers can connect to the bill at their table by scanning a QR code. The tabletop QR code is located at the diners’ tables at Tap & Barrel restaurants. It lets the customers scan the code to connect them…

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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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