Tag: UnionPay

QR code payments could break $3 trillion in 3 years

Jorge Gonzalez
QR code - Paying via QR code

A new Juniper Research forecast suggests that the mobile transactions will reach the milestone by 2025. QR code payment trends have shown that the transaction method is taking off, even if it has experience broken global growth over the last few years. Quick response barcodes have been used for payments far more in some regions than in others. The low-cost, easily recognizable and simple to use technique of QR code payments have high appeal to many merchants and consumers globally. Though the popularity differs from one region to the next.…

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OTT Pay announces launch of UnionPay QR code payments in Canada

John Montgallo
UnionPay QR Code - QR Code payments - OTT Pay - YouTube

OTT Pay’s rollout of the QR code payment service is in partnership with UnionPay International. OTT Pay, the Toronto-based leading payment company in Canada that specializes in helping Canadian merchants navigate the growing Chinese market, has announced the rollout of their UnionPay QR code payment solution to the Canadian market. The launch of this new quick response code payment solution is in partnership with UnionPay International. Businesses in Canada will be able to better take advantage of the growing Chinese consumer market. OTT Pay is a leading FinTech smart payment…

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Chinese QR codes remain head and shoulders above NFC technology

Jorge Gonzalez
Chinese QR Codes - Mobile Shopping and Mobile Payments

When it comes to m-commerce and mobile payments, consumers in China prefer quick response codes. Despite the fact that mobile payments based on NFC technology are present, Chinese QR codes remain most popular. Apple Pay, for example, didn’t make it into the country until 2016. This gave quick response codes lots of extra time to make it into mainstream use. Mobile payments are commonly used in China, but NFC isn’t the top tech. Two mobile payments services had been available for quite some time and used QR codes. Tencent launched…

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UnionPay QR codes to launch in all 6 AsiaMalls next year

L. Green
shopping mall unionpay qr codes

The quick response code based mobile payments will allow merchants to process smartphone based transactions. Starting in 2018, UnionPay QR codes will be available in all 6 AsiaMalls shopping mall locations across Singapore. This will give consumers the opportunity to use their smartphones to be able to make mobile payments within the shopping centers. The news was released in a memorandum of understanding (MOU) from AsiaMalls Management and UnionPay International. This new partnership represents the first one a global payment brand and mall manager have launched in a large scale…

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EMVCo publishes new QR code standard for mobile payments

Jesse Collins
qr code standard mobile payments

The payment standards body released a new publication to provide technical specs for the use of quick response codes. EMVCo recently published the “EMVCo QR Code Specification for Payment Systems: Consumer-Presented Mode” as a QR code standard ahead of moving toward their use. The publication provides a definition of the way quick response codes function as a single-direction communication between a mobile app and the point of interaction. This represents the first official step forward for EMVCo when it comes to QR codes. EMVCo is a payments standards body. It…

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