Tencent wants to focus more on its business clients than its users. A unique kind of WeChat QR codes are being rolled out as part of a new service that gives business clients the chance to use these codes on every single one of their products. This will allow Tencent’s business clients access to more data on each of their customers. The service will provide companies with better tracking data. The WeChat QR codes are part of Tencent’s latest move to focus on business clients, rather than its users. The…
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Facebook payments to come to WhatsApp in the future
The social media giant is reportedly seeking to enter the mobile payments space with its own cryptocurrency. Facebook payments may be around in the not too distant future. The social networking company is jumping on the cryptocurrency bandwagon and is reportedly developing its own digital currency called Facebook Coin. The company’s supposed goal, reports CNBC, is to allow users of its cryptocurrency to transfer money through WhatsApp. Facebook’s move would mimic China’s popular WeChat Pay. The Facebook Coin, which would be attached to the US dollar, and would allow users…
Read MoreDigital Debit Group Releases Retail-Grade QR App Powered by PayPal Now Available on iOS
Downingtown, PA and San Juan, Puerto Rico – February 18, 2019 – Ready to use upon download, without card swipers or terminal hardware, the Digital Debit® app make its way to a ready marketplace. Newly-released in the Apple App Store, merchants and freelancers can now accept in-person payments for services rendered from millions of PayPal users. While retail-grade in its functionality, the QR app with PayPal integration can also be used in a more casual way. Family and friends can both pay and get paid with the Digital Debit® app by…
Read MoreCAC deletes nearly 10,000 Chinese social media accounts
Thousands of social media accounts have been eliminated by the nation’s top cyber authority. The Cyberspace Administration of China (CAC) has erased almost 10,000 Chinese social media accounts that it found to be in violation of the law. The account holders were accused of posting online content that the CAC deemed to be vulgar, sensational or politically harmful. Accounts were eradicated for a variety of violations. More specifically, thousands of Chinese social media accounts were erased for violations such as, “spreading politically harmful information, maliciously falsifying (Chinese Communist) party history,…
Read MoreQR code payment fraud in China’s radar with new caps
As popular as the mobile transactions may be, the country’s central bank is issuing new security regulations. China’s central bank is rolling out new regulations to help prevent QR code payment fraud. Quick response codes have become exceptionally popular in the country but have exposed consumers to fraudulent activities from criminals. Some of the most popular mobile payments apps in China currently use the barcodes to complete transactions. Both WeChat and Alibaba’s AliPay – two of the largest mobile payments apps in the country – use QR code payment technology…
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