Payments News

On The Web

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Companies

Paytm to Invest ₹250 Crore to Expand Paytm QR

“Digital payments major Paytm Wednesday said it will invest ₹250 crore this year for the expansion of Paytm QR in tier IV and V towns. “With this investment, Paytm expects to reach more than 20 million merchants across India by the end of this fiscal,” it said in a statement. Paytm had introduced QR code-based payments […]
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Tech

Alipay Collaborates With Six European Mobile Wallets on QR Code Interoperability

“The six mobile wallet providers, Bluecode, ePassi, momo pocket, Pagaqui, Pivo and Vipps are working together to develop a unified QR code to unify what officials say has been a fragmented marketplace. When completed, users of these six mobile apps will be able to make QR code payments in 10 European countries where these apps are accepted, […]
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Systems

New Payments Platform Ropes in QR Codes

“The days of fumbling for loose change at the school fete or footy match sausage sizzle could soon be numbered, after the New Payments Platform (NPP) revealed it’s working quickly with banks, merchants payment services providers to hook-up scan-to-pay QR codes to its real time network.”
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Tech

Ghana to Launch Universal QR CODE for Payments This Year

“This year, there’s going to be also a remarkable introduction into Ghana of a universal QR Code for payments. This will help us move further into the cashless direction because there will be no longer any need for merchants to have point of sales devices, with the QR Code platform. All they need is a […]
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Global

Ghanaian Universal QR Code Set to Accelerate E-payments

“Ghana has become the latest country to commit to rolling out a universal QR code, as the country’s government seeks to accelerate the take-up of e-payments. The move was announced by the West African country’s vice-president, Mahamudu Bawumia, earlier this month at an event in capital, Accra.”
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Tech

Noor Bank Partners With UnionPay to Launch QR-based Mobile Payments

“Noor Bank is partnering with payments scheme UnionPay to enable customers to make instant, secure payments on the go. Specifically, Noor Bank is rolling out its first EMVCo QR-based mobile payment service. Consequently, Noor Bank customers and merchants can leverage UnionPay QR code scanning for all their payments. Participating retail, restaurant and tourism-focused merchants will […]
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Security

In China, QR Codes Are Being Replaced by Face Scans for Payments

“In different cities around China, merchants from supermarkets to bakeries have adopted facial recognition payments technology from Alibaba-affiliated Ant Financial and Tencent’s WeChat Pay to make the payments process as frictionless as possible. Alibaba owns the South China Morning Post.    Why? Because face recognition technology brings the next step in payments convenience for consumers and also […]

On The Wires

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Tech

One QR Code for All Payments

“Bank Indonesia has launched a Quick Response (QR) Code standard for payments through server-based e-money applications, electronic wallets and mobile banking known as QR Code Indonesian Standard (QRIS) to coincide with the 74th Anniversary of Indonesian Independence, today (17/08) in Jakarta. National QRIS implementation will be effective from 1st January 2020 in order to provide […]
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Tech

InComm Launches Barcode Payment Solutions at DFS Duty-Free Stores in Japan

“InComm , a leading payments technology company, today announced it has partnered with DFS , the world’s leading luxury travel retailer, to launch barcode payment solutions in Japan. DFS customers can now conveniently pay for duty-free purchases at T Galleria by DFS, Okinawa as well as the DFS Naha and Kansai airport locations by scanning a barcode on their phones […]