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 payments get one step closer in China

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

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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QR code transactions complete new Fintech Bank Bunq mobile payments

qr code transactions mobile payments wallet tablet

The bank’s new solution has integrated the quick response codes due to their security and versatility. The topic of QR code transactions generates a considerable amount of controversy in the mobile payments industry. Some experts debate that they are simple, affordable and available to most smartphone users. Others say they are inadequate and will never take off. Bitcoin has been using QR code transactions for quite a while and is seen as strong support for the barcodes. The Dutch “fintech bank” Bunq has now integrated QR code transactions into their…

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QR codes to be dropped by China Central Bank

no qr codes transaction ban

The financial institution has ordered the cessation of all mobile payments that use quick response codes. China’s central bank has recently released an order that will put a stop to all online mobile payments units of companies that are using QR codes to send and receive funds. This news has been confirmed by both Tencent and Alibaba, which had been using the barcodes. Both Alibaba and Tencent have been commanded to stop the use of QR codes in order to process the payments of its online sales, according to a…

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