QR code payments at PayFast up by 412 percent

QR code payments - Transaction

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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Over half of Americans who have tried contactless payment will use it again

Contactless payment - mobile payments

New Amex research shows 58 percent of people who tried this type of transaction are more likely to use it. Americans who have tried contactless payment because of the COVID-19 pandemic are more likely to use it again, said results from a new Amex survey. Online and mobile ordering for delivery and pickup options are also more appealing to consumers. Contactless payment and online and mobile delivery and pickup options are becoming increasingly popular options. Moreover, consumers who tried them for the first time due to the coronavirus pandemic are…

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FinTech ANNA Money partners with TrueLayer for instant QR code payments

Instant QR Code - mobile quick response code scan

ANNA users will have a new option to use instantaneous quick response codes for mobile payments. ANNA Money users will now have the option to choose the use of instant QR codes to make payments through a new partnership between the FinTech and TrueLayer. Using the quick response codes would eliminate the requirement for terminals and payment cards. ANNA is a provider of financial administration, business accounts and debit cards for customers such as small businesses and freelancers. Using an instant QR code makes it possible to eliminate some of…

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Starbucks is testing the use of Bakkt Cash cryptocurrency as a mobile payments option

Bakkt Cash cryptocurrency - Starbucks Store - Starbucks Employees

The coffee chain is conducting a limited test of the crypto among its many digital transaction options. Starbucks is testing a method for allowing its users to choose Bakkt Cash cryptocurrency to pay for coffee and food through the mobile app. The testing period was announced in a tweet by Adam White, the crypto’s president. The Bakkt Cash cryptocurrency – pronounced as “backed” – is overseen by Intercontinental Exchange (ICE) as a Bitcoin futures exchange. ICE also owns the New York Stock Exchange (NYSE). Earlier this month, the digital currency…

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QFPay digital payments receives funding to expand globally

QFPay digital payments recieves funding - Investors - money

QR code-based payment technology company, QFPay receives $20 million in funding. The new funding comes from QFPay digital payments investors, Sequoia Capital China and Matrix Partners. The Hong Kong-based company also received funding from new investors, Japan-based Rakuten Capital, Dubai-based VentrueSouq, and the corporate VC arm of Telkom Indonesia, MDI Ventures. With this new financial support, QFPay intends to expand its digital payments presence further. These new investments will give QFpay digital payments the chance to not only continue to expand within its core markets across Asia, but also further…

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