People in the country have used cash for thousands of years but smartphones are rapidly replacing it. Chinese mobile payments are quickly gaining ground as the country goes increasingly cashless in favor of smartphones. Despite the popularity of cash and the fact that it has been used in China for millennia, its days may be numbered. This move toward mobile wallets is allowing much of the country to skip the use of plastic credit cards. In May, the Trump administration celebrated a bilateral deal with China, allowing American credit cards…
Read MoreTag: qr code mobile payments
Liquid Pay QR code payments to be offered in 25,000 Singapore retailers
Thousands of merchants are expected to adopt the new quick response code based mobile payment service. The Liquid Pay QR code is now targeting Singapore retail locations. The company predicts that 25,000 of those companies will be participating in this mobile payments method. These merchants will be on board within the next 12 months, says the firm. Liquid Pay allows purchase transactions to be completed through the use of QR code scans. The Liquid Pay QR code scans also allow customers to compare merchant discounts and use an app to…
Read MoreMasterCard mobile payments technology “Blend” maybe a winner!
The 2013 Money2020 event showed a step away from an exclusive focus on NFC technology. Though Las Vegas is alive and hyped at any given time, the Money2020 event, this year, created even more of a stir as news of the focus of mobile payments giants, such as MasterCard and PayPal, on the use of QR codes has turned tech predictions on their heads. Ed McLaughlin from MasterCard was in attendance and revealed a number of insights. McLaughlin is the chief emerging payments officer at MasterCard and he explained that…
Read MoreCellum unveils new technology that makes QR codes safer
New technology brings more security to QR codes Cellum, a leading developer of mobile payments applications, has revealed new technology that could make QR codes forgery proof. The technology is called “Motion QR” and is meant to make electronic tickets immune to forgery. QR codes have become a popular tool for ticketing and are often used for public transportation purposes as well as for tickets for sporting events. Like physical tickets, electronic tickets are often targeted by malicious groups that seek to make a profit through forgery. Cellum’s new technology…
Read MoreChunghwa Telecom plans new mobile payments initiative
Mobile payments are gaining ground throughout Asia Taiwanese telecommunications company Chunghwa Telecom has been showing some strong interest in mobile commerce lately. The company, like many others in its industry, has been taking note of the growing popularity of mobile commerce throughout Asia. Mobile payments are gaining ground as mobile devices become more readily available to a broader range of consumers throughout Asia. Chunghwa believes that the time is right to establish itself in the mobile commerce field and has targeted both QR codes and NFC technology in order to…
Read More