Payments News

On The Web

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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.”
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On The Wires

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Global

Launch of the QR-bill in Switzerland

“The QR-bill will modernize Swiss payment transactions. From 30 June 2020, invoice recipients will be receiving their first QR-bills instead of the traditional payment slips. You can recognize the QR-bill by the Swiss QR Code, which contains all the information needed for easy, automatic and efficient payment.”
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Tech

New QR-Code Mobile Payment Platform, WeQless Could Help Restaurants Reopen Safely

“A novel, new mobile payment system launching soon could help the hard-hit pubs and restaurants of the UK get back to business safely and conveniently. As restaurants around the country begin reopening their venues, they will struggle to find ways to take orders and payments in a socially distant, contact-free manner. QR-Code payment system, weQless […]
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Tech

Shift4 Payments Launches QR Pay, A New Contactless Payment Solution

“Shift4 Payments, a leading provider of integrated payment processing solutions, today introduced a new, contactless payment technology called QR Pay. The technology allows consumers to pay their bill at restaurants, retail stores and hotels by simply scanning a QR code on the receipt or payment terminal and completing the transaction on their phone. There is […]
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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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