Payments News

On The Web

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Global

Beijing clamps down on QR code mobile payments at gas stations despite a negligible chance of an explosion

“An experiment carried out by experts revealed that when scanning QR codes, a smartphone emits stronger electromagnetic radiation than during phone calls, according to a social media post from China’s Fire and Rescue Department. The experts concluded that QR code scanning is potentially dangerous at gas stations. While static electricity can ignite petrol vapours, there is […]
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Deals

AMTD Digital to acquire payments platform Fomo Pay

“Singapore-based AMTD Digital, the integrated digital solutions arm of Hong Kong financial institution AMTD Group, said it’s set to acquire a controlling stake in QR code and payments solution provider Fomo Pay via a share swap and cash combination.”

On The Wires

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Companies

Venmo Launches Limited Pilot of New Tools for Sole Proprietors With the Introduction of Business Profiles

“Piloting to a limited number of users today, Business Profiles allows sole proprietors, casual sellers, and users with a side hustle to create an additional Venmo profile to accept payments for goods and services. Whether you’re an artist, selling homemade planters at a craft fair, serving up one-of-a-kind haircuts, selling floral arrangements or mowing lawns, […]
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Companies

PayPal Rolls Out QR Code Touch-Free Payments in Canada

“As much of Canada enters and progresses through Stage 2 of reopening, PayPal today launched QR code payments in Canada for small businesses to accept touch-free mobile payments from their customers using the PayPal app. From local stores to hair salons and farmers markets, this new functionality in the PayPal app allows customers to buy or sell in-person, safely […]
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