Tag: qr code transactions

QR code payment tests in Singapore make transactions easier for merchants

John Montgallo
QR code - Merchant mobile payments - Singapore Flag

A new system in the country uses one operator to accept 23 different payment methods. Merchants in Singapore will soon be able to use a single QR code to be able to accept nearly two dozen different digital payment methods in a trial starting this week through the central bank. Stores have been promised that the new system will reduce hassle for them and for their customers. With a rapidly growing number of apps and mobile wallets, merchants are finding it difficult – or even impossible – to accept them…

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Pakistan’s central bank releases QR code standard for payments

Sam Lambert
QR code - Pakistan Banks

The quick response barcode standard is meant to help make retail transactions faster. The State Bank of Pakistan (SBP) recently unveiled its new standards for unified QR code to boost the speed of adoption of digital retail payments. The Pakistani central bank had already announced that it was going to issue the single barcode. “These standards are to be met for issuing of QR codes and accepting of payments through the same. This initiative is a part of SBP’s drive to promote inclusion, innovation, and modernisation of payment systems in…

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

Sam Lambert
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 payments get one step closer in China

Jennifer Goula
qr code payments

The central bank in the country is working on creating standards for the use of quick response codes. QR code payments have spent years in a state of limbo. There has been a ban on using quick response codes for mobile payments due to a lack of regulations. That said, the central bank is getting ever closer to drafting security and tech standards for QR codes in combination with mobile transactions. Once the regulations have been passed, it will allow third party payment providers to offer rapid verification processes. This…

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QR code transactions allow Belgian retail shoppers to complete mobile payments

Jesse Collins
wallet qr code transactions mobile payments

In the country, using smartphones to scan barcodes to complete purchases is spiking in popularity. For a reason that has not been clearly identified, QR code transactions have been taking off in Belgium. In some places, this type of barcode based mobile payment has become popular due to Bitcoin adoption. However, that is not the case here. The main active payment service provider in the country, Atos, has now launched a service to suit this trend. Atos launched a new SmartPay function by way of its subsidiary, Worldline. Smartpay allows…

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