Bitso cryptocurrency QR code payments launch in Argentina

QR Code Payments - Cryptocurrencies

The new transaction system in the country immediately opens the option to one million customers. Bitso has announced the launch of a cryptocurrency enabled QR code payments system in Argentina, which is a strategy that will immediately impact over one million customers in the country. The system is already used by over one million Argentinians on a daily basis. The QR code payments feature is meant to make cryptocurrency faster and easier to use within the country. Users who decide to make a purchase using cryptocurrency, then the Bitso app…

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JCB to launch first mobile payment app for Japan’s credit giants

Mobile payment app - JCB Payments

As one of the oldest credit brands in the country, it is looking for revenue source diversification. JCB is preparing to become the first major credit card company in Japan to offer a mobile payments app, with intentions to move into that space as early as 2023 in order to secure its position among younger users. The company has a substantial international transaction network and boasts 146 million cardholders. Aside from its 146 million cardholders, it also has a substantial 39 million partner vendors. That said, they are launching their…

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JP Morgan acquires Renovite in new cloud payments strategy

Cloud payments - cloud - mobile

The banking giant recently announced the new acquisition and hinted at future plans. JP Morgan hasn’t failed to notice the massive trend toward digital transactions worldwide since the start of the pandemic, and with its new acquisition of Renovite, it’s clear that it is making moves into cloud payments. Digital has become vital to the fast pace of the global financial service sector. Institutions like JP Morgan are being forced to update their transaction infrastructures to keep up the rising volume of digital and cloud payments demands from both individuals…

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Contactless mobile payments collaboration forms between CTBC Bank and Soft Space

Contactless mobile payments - Paying with wearable device

The partnership will work as a system used by Taiwanese taxis to make it easier to charge fares. CTBC Bank, based in Taiwan, has entered into a partnership with Soft Space, a fintech from Malaysia, to launch a contactless mobile payments system to be used by cab drivers to collect taxi fares. The system will allow customers with Android smartphones and NFC technology to tap to pay. The contactless mobile payments system will be powered by Soft Space so that Android phone users can pay for their cab rides using…

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NFC technology experiences considerable surge in global use

NFC technology use World Wide

A recent survey shows that consumers have a greater awareness of the tech and are satisfied by it. A new study conducted by ABI Research has shown that consumers are considerably more familiar with NFC technology, and they are more satisfied with it as well. Over eight out of every ten consumers have used a contactless card or mobile payment wallet. According to the research, more than 85 percent of consumers have used NFC technology in the form of a “contactless card or mobile payment wallet.” Moreover, they have increased…

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