A new system in the country uses one operator to accept 23 different payment methods. Merchants in Singapore will soon be able to use a single QR code to be able to accept nearly two dozen different digital payment methods in a trial starting this week through the central bank. Stores have been promised that the new system will reduce hassle for them and for their customers. With a rapidly growing number of apps and mobile wallets, merchants are finding it difficult – or even impossible – to accept them…
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Australian mobile payments are well behind its APAC neighbors
Banks in the country are highly protective over their turf, making the tech’s adoption slower. Australian customers aren’t using mobile payments nearly as much as those in other parts of the APAC region, according to new research that points the finger at the country’s banks for preventing faster adoption of the tech. This is an interesting trend when taking into consideration that Australians are heavy smartphone users. The research was conducted by the Griffith Asia Institute, which published the results of its analysis. They showed that while Australians are among…
Read MoreLiquid 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 MoreVisa says mobile payments won’t lead to EM cards’ demise
An executive from Visa has reported that EM cards aren’t doomed due to the rise of mobile payments. The head of Visa Inc.’s non-U.S. operations has released a statement while in Singapore, saying that there is still a future in plastic credit cards, despite the growth and aggressive promotion of mobile payments and their various platforms. Even though there has been a tremendous rise in the number of systems catering to smartphones – particularly in emerging markets such as India and Indonesia – the fact that these same nations are…
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