Brazil rolls out the PIX mobile payments system for faster transactions

PIX mobile payments - QR code payment transaction

QR codes are expected to play a vital role in the country’s move away from using cash to pay. Brazil has announced the launch of the PIX mobile payments system, which is the nickname of the Brazil Instant Payment System from Banco Central do Brasil. The goal of this strategy is to make digital transactions convenient enough to stop relying on cash. The PIX mobile payments strategy has been in the works for over a year. The idea behind its use is to place QR codes in the way of…

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The consumer shopping experience is increasingly dependent on mobile payments

Consumer shopping experience - mobile payment

A new Buyer PaymentsInsights Survey by Mercator Advisory Group examined this trend. Mercator Advisory Group has released the outcomes of its recent Primary Data report, Buyer PaymentsInsights – Payment Behavior: Younger Shoppers Lead a Change, showing that mobile payments has become highly critical to the consumer shopping experience. The report’s conclusions are based on Mercator’s 2020 Buyer PaymentsInsights Survey. This online survey involved the participation of 3,000 adult consumers in the United States. It was conducted before the outbreak of the pandemic in the U.S., in February 2020. It examined…

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Will Apple Pay QR codes become an option for iPhone users?

Apple Pay QR codes - Person using Apple Pay

The tech giant is reportedly researching ways to integrate the barcodes into future mobile payments. Apple Pay QR codes don’t currently exist, as iPhone users must employ near field communication (NFC) technology to complete a mobile payment transaction. However, growing information suggests that the iPhone maker is looking into secure barcode scans. A growing body of evidence suggests that the company is looking into ways to make Apple Pay QR codes secure to scan to complete transactions. While using NFC based tap or contactless transactions at a retailer’s payment terminal…

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Newly launched City Bank QR code simplifies mobile payments

City Bank QR code - Wallet with credit cards and QR code

The quick response code will bring together American Express, VISA, Mastercard and UnionPay in Bangladesh. The City Bank QR code is designed to be used in an interoperable mobile payment solution that can be used for VISA, Mastercard, American Express and UnionPay transactions The service is meant to help eliminate the need for separate barcode scans for each payment network. As a result, a merchant can display a single City Bank QR code at the front of a store for use regardless of the payment method the customer wants to…

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PayPal POS QR codes move ahead on the heels of its “strongest” quarter

PayPal POS QR Codes - QR Code on mobile phone

The company has been making substantial plays to take large steps into physical points of sale. A new PayPal POS QR codes strategy was unveiled last week to help bring the company into a broader in-person shopping experience. The digital and mobile payments company is seeking to capture a larger number of transactions. These new PayPal POS QR codes have been announced on the heels of the company’s best ever recorded quarter. Though it has previously made moves to enter into physical points of sale, the San Jose, California-based business…

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