Alipay app for tourists: foreign visitors in China can now use popular mobile payments

Alipay app for tourists - Shanghai

Alipay and WeChat pay are widely used in China and now travelers to the country can use them, too. Taking a trip to mainland China? You might be glad to know that there is a WeChat pay and Alipay app for tourists now available. Alibaba and WeChat announced that travelers to the country will be able to link their international cards to their payment apps. This move will make it more convenient for tourists to buy goods in China. Prior to the roll out of these mobile payment options for…

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The central bank of the Philippines to adopt National QR Code Standard for Payments

National QR Code Standard Philippines - Bangko Sentral ng Pilipinas

The Bangko Sentral ng Pilipinas has approved adopting the quick response code on a national scale. The Bangko Sentra ng Pilipinas (BSP), the central bank of the Philippines, recently announced that the monetary board approved adopting a National QR Code Standard for payments. The nationwide adoption of the quick response code is to ensure interoperability of QR-enabled financial and payment services. The BSP sees the value in QR codes for transferring money. QR technology has become the most convenient and cost-efficient method of transferring funds from one account to another,…

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First QR code transport ticketing system launched in the Philippines

QR code transport ticketing system - Commuters in station

AF Payments partnered with GCash to launch the quick response (QR) code-based system. AF Payments, Inc., the company behind tap-and-go payment system “beep,” has teamed up with GCash to roll out the first QR code transport ticketing system in the Philippines. The first to adopt the mobile payments system will be the Metra Manila-based BGC Bus and the Cebu-based Topline Express Ferries. Passengers simply pay for their transit tickets through the GCash mobile app. BGC Bus and Topline Express Ferries customers can now pay their faire through the GCash app…

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Cross-border European mobile payment network in the works

European Mobile Payment Initiative - Euros - mobile phone

Seven European payments operators are partnering to create a cross-boarder mobile payments network. The European Mobile Payment System Association initiative has been announced by seven European payments operators that own and operate mobile payments services in Europe. These operators, many of which are owned by banks, are in the process of building a pan-European network that focuses on cross-border mobile-based payment transactions. The move comes as banks and traditional financial services companies battle fintechs and global tech giants. The seven businesses and payments networks involved in the initiative include: •…

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QR code security update needed, says Quick Response code creator

QR code security - Smartphone with QR code

Japanese engineer, Masahiro Hara, vows to strengthen the safety of the system. Hara, the creator of the 2D code, says that improved QR code security is needed since it has become so popular and is now being widely used as he hadn’t expected for various applications all over the globe. Now that it is a worldwide multipurpose application utilized in a variety of fields, including cashless payments via smartphones, Hara wants to strengthen the safety of the system. The QR Code is celebrating its 25th anniversary in 2019. The quick…

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