Tag: China qr code payments

New AFCA endorsed standard likely to expand QR code adoption

Jesse Collins
QR code adoption - barcode construction

The digital ecosystem in China is set to expand with a new QR code standard. A new quick response (QR) code standard released by the Asian Financial Cooperation Association (AFCA) could lead to further QR code adoption in China. The number of Chinese who use QR codes to make payments is rising. Many merchants in China prefer customers to pay via QR code. It doesn’t matter if what the customer is paying for is breakfast, a movie or cab fare. Today, a great number of Chinese make QR code payments…

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Tencent QR code payment service users exceeds 50 million

L. Green
Tencent QR Code - Public Transport in China

More than 50 million users across 100 cities in China now use the QR code payments for public transportation. Tencent’s QR code payment service that it launched for public transportation “sao yi sao”, back in 2017, recently exceeded 50 million users across 100 cities, according to local media in China, reported TechNode. Tencent has placed a special focus on public transportation. Since 2017, the massive China-based internet company has set its sights on integrating its technologies into public transportation, among these technologies included Tencent QR code payments. It has also…

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