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…

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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.…

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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,…

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Temple in Thailand new receives QR code donations

Thailand temple qr code donations

Wat Samrong Tai has made it possible for visitors to use mobile payments to make donations. A temple called Wat Samrong Tai in Thailand’s Phra Pradaeng district is using QR code donations to make it easier for visitors to give in an increasingly cashless society. The temple has created a payment transaction point that involves scanning quick response codes. The QR code donations are processed by way of the PromptPay system. That mobile payments system is promoted by the Thai government itself. The goal is to help to make it…

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NTT Docomo QR code payment rolls out in Japan

NTT Docomo qr code japan

The massive mobile carrier will allow its subscribers to make mobile payments at stores using quick response codes. The New NTT Docomo QR code is being rolled out across Japan, allowing the mobile carrier’s subscribers to use their smartphones to purchase products and services. The new system will allow the mobile devices to act like credit or debit cards for completing payment transactions, with verification through quick response code scans. The rollout is already beginning but customers will have access to the mobile payments as of April. Officials state that…

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New Shell QR code makes it easier to pay for gas

gas station Shell QR code

Customers using the stations in Thailand can scan quick response codes for a cashless fueling experience. The Shell Company of Thailand (SCOT) recently held a press event in which it announced its new Shell QR code, allowing consumers to fuel up without the need for cash. This represents the first time this type of mobile payments service has rolled out in the country’s gas stations. The press event came with a “Making Life’s Journey Better with Cashless Stations” theme. At the event, the company told the press that its Shell…

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UnionPay QR codes to launch in all 6 AsiaMalls next year

shopping mall unionpay qr codes

The quick response code based mobile payments will allow merchants to process smartphone based transactions. Starting in 2018, UnionPay QR codes will be available in all 6 AsiaMalls shopping mall locations across Singapore. This will give consumers the opportunity to use their smartphones to be able to make mobile payments within the shopping centers. The news was released in a memorandum of understanding (MOU) from AsiaMalls Management and UnionPay International. This new partnership represents the first one a global payment brand and mall manager have launched in a large scale…

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Scanning QR codes lets Chinese motorists pay to have stolen car mirrors returned in new scam

QR Code scanning mercedes benz cars

Thieves demand cash by way of quick response code to give back stolen vehicle side mirror glass. Chinese thieves stole glass from car side mirrors, telling victims scanning QR codes to make a payment is the only way to have the property returned. The motorists were told to pay anywhere from $45 to $105 to have the glass from the mirrors returned. Police in Xian, a city in central China, are investigating reports of extortion efforts by local thieves. The criminals reportedly said scanning QR codes to pay were the…

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QR code transactions grew by 400 percent this year, says MobiKwik

wallet qr code transactions mobile payments

The quick response code usage growth rate is credited to the ease of barcode deployment and scanning. MobiKwik, a large mobile wallet provider in India, has announced that QR code transactions have grown by 400 percent throughout 2017, so far. The company credits the simplicity of quick response code deployment and use for the rapid growth rate. The mobile wallet company has launched its services throughout India based on QR codes. “QR codes will drive digital payments in India and major use cases such as milk, grocery and small mom…

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QR code money transfers allow Chinese panhandlers to accept mobile payments

begging panhandling qr code money

As China progresses toward a cashless society, people begging for money won’t be limited to change. A new way of accepting QR code money transfers will give new options to panhandlers in China. Individuals begging for change have found that as the country becomes increasingly cashless, fewer people have cash handy to give. A growing number of people in China have been using mobile payments, reducing the cash they carry. As a result panhandlers have found that people who would otherwise give them money don’t have any change handy to…

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EMVCo publishes new QR code standard for mobile payments

qr code standard mobile payments

The payment standards body released a new publication to provide technical specs for the use of quick response codes. EMVCo recently published the “EMVCo QR Code Specification for Payment Systems: Consumer-Presented Mode” as a QR code standard ahead of moving toward their use. The publication provides a definition of the way quick response codes function as a single-direction communication between a mobile app and the point of interaction. This represents the first official step forward for EMVCo when it comes to QR codes. EMVCo is a payments standards body. It…

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