The digital payment processing company based in Cape Town has seen an explosion of barcode use. PayFast, a digital payment processing service based in Cape Town, South Africa, has reported a rise of 412 percent in its QR code payments. These transactions were processed via Masterpass from March 2020 through February 2021. The extreme growth trend is seen as the result of the pandemic’s instant need for contact-free transactions. The rise in QR code payments, usage in general and scans has risen quickly as the pandemic required businesses and consumers…
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Hong Kong subway riders will soon use QR payments
Commuters will be able to scan a barcode to pay their fare for using the public transportation. The Hong Kong subway system will soon allow riders to use QR payments to pay their fare. This use of QR code scans as a form of ticketing is rising in popularity all over the world. The Hong Kong subway system’s mobile payments are a part of a new deal with Ant Financial. The deal between the subway system and Ant Financial – Alibaba’s payment affiliate – was first announced last week. As…
Read MoreiMingle introduces new payment method using QR codes
iMingle Insurance, an online insurance market, has unveiled plans for a new instant payment initiative powered by QR codes. The insurer, whose entire operation is based on the Internet, aims to align their payment options with the rest of their business model. Using the codes, customers can pay their bills from anywhere, making transactions quick and easy. The service is specifically designed for those who are steeped in mobile technology. The codes will be stamped on the paper bills that customers receive in the mail. Scanning the code brings customers…
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