Bank Indonesia officially launches national QR code payments standard

National QR Code Payments Standard Launched in Indonesia

The Quick Response Indonesia Standard (QRIS) code system has been released. Bank Indonesia (BI) has finally launched its national QR code payments standard, the QRIS code system. The goal of this system is to universalize cashless payment in the country. The system allows for a consumer to transfer funds from one payment system to any other within the BI ecosystem. As QR Code press reported back in April, Bank Indonesia, Indonesia’s central bank, had been working on conducting a trial to establish national QR code payments standards for the country’s…

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New QR code security system in Japan to help boost cashless transactions in the country

QR code security system - CGTN America YouTube

Electronic payments have been slow to expand in Japan. A new QR code security system is in the works that could help cashless payments take off in Japan. The country wants to increase its number of digital transactions to not only reduce the number of cash transaction, but to also make it easier for the government to collect taxes with better efficiency. Japan wants to increase total digital payments of all transactions to 40% by 2025. In Japan, cashless payments have been slow to take off, with 80% of people…

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eBay QR code cashless payments part of retail experiment in the UK

eBay QR Code - eBay box

eBay has opened a brick and mortar concept store in Wolverhampton. The first of its kind physical store in the UK offers wares from 40 small, local businesses. Instead of exchanging cash to buy goods, shoppers simply scan an eBay QR code available from the seller to make their purchase. The concept store is designed to test how physical and online retail might function together. This isn’t the first time that the company has opened a pop-up retail location with eBay QR codes, but it is the first time it…

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Traffic ticket QR code scams cause problems in China

QR Code Scams - Parking Tickets

Some Chinese residents have become victims of fraudulent traffic tickets. QR code scams are hitting China as the country’s society becomes increasingly cashless. Now, scammers who want to make easy money, are creating quick response codes and applying them to fake parking violation tickets to trick drivers into paying. Parking tickets with legitimate QR codes are commonplace in China. The reason the con artists are having success is QR code payments have become extremely commonplace in many parts of China. According to Nikkei Asian Review, a recent study revealed that…

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One metro QR code gives riders access to three metro systems

Metro QR Code - Shanghai Metro - Train

Riders of the Shanghai, Hangzhou & Ningbo metros can access all three with one quick response code. Metro QR code payments are nothing new in China. As QR Code Press reported back in 2017, Shanghai Metro first introduced these unique codes to their Metro Daduhui app to allow riders the ease of scanning to pay for their trips. Now, this convenient service has extended to both Hangzhou and Ningbo. Shanghai Shentong Metro Group developed partnerships with the other two metros. Under the guidance of a national strategy that called for…

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