Payments News

On The Web

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Tech

Bux Bringing You More Cashless Payments Options With QR Payments

“Bux, UBX’s embeddable end-to-end payment platform, launches universal QR payments enabling over 100,000 Bux merchants to accept payment with just a scan from their customers’ mobile devices…With a universal QR code that is digital, printable, and customizable, Bux provides its merchants a significant advantage—a much easier way for customers to pay digitally, even in physical […]
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Security

Are You Sure About the Safety of That QR Code?

“It is predicted that by 2022, over five billion QR codes will have been scanned or accessed by mobile devices.  A QR code is an additional form of contactless communication that, once scanned, either relays information or directs an individual to another online source, website or application. QR code adoption has increased with the contactless […]
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Deals

Restaurant payment app secures Europe’s largest seed-funding round

“More than 1,000 restaurants and hotels have signed up to the app, including Corbin & King, owners of the Wolseley and Delaunay in London, Four Charles Prime Rib in New York and the Hoxton chain, which runs nine hotels across Europe and the US. It involves customers scanning a QR code on their table to […]
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Tech

QR Code Payment Link Formed Between Thailand and Vietnam

“The Bank of Thailand and the State Bank of Vietnam have launched a new QR code payment link between the two countries to allow cross-border transactions. The QR code payment link will allow for cross-border payments to take place . Moreover, it will make it possible for the two countries to be able to use […]
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Global

National QR Payments and Rewards System to Be Launched in Australia

“Australia’s Eftpos national debit card system is to launch a QR code-enabled mobile payments and rewards network that will enable “seamless payment experiences across ecommerce, mobile and point of sale”. The low-cost solution will work “by generating unique QR codes containing transaction details that are captured on a consumer’s mobile phone, initiating a secure digital […]
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Companies

PayPal Is Moving Aggressively To In-Store Contactless Payments Tapping A $19B Opportunity

“The digital wallet that allows contactless payment is rapidly becoming the payment method of choice thanks to its greater convenience. No self-respecting Millennial or GenZ consumer would be without one. Cowen Equity Research found that 70% of consumers surveyed last year planned to use more digital payment offerings post Covid-19. But it’s not just younger […]
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Tech

Revolut to Roll Out QR Code Payments for Business Customers in 25 Countries – AltFi

“Taking one step closer to becoming a ‘financial super app’, Revolut is rolling out QR codes for its business customers. From today, Revolut’s business customers across 25 countries will be able to take in-person, socially-distanced payments via a QR code. The touch-free payment method allows for instant payments, with small business owners able to see […]

On The Wires

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Domains

Merchants Can Offer More Touch-free Ways to Pay As Fiserv Brings PayPal and Venmo QR Code Payments to the Point of Sale

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is enabling businesses of all sizes across a range of industries to support in-demand digital payment options and expand their touch-free payment capabilities via a new relationship with PayPal. Small and mid-sized businesses using Clover ® and large enterprises leveraging the […]
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Deals

Netstars Raises JPY6.6 Billion From Investors Including KKR, SIG and LUN Partners | NETSTARS CO., LTD

“Netstars Co., Ltd. (“Netstars” or the “Company”), the operator of Japan’s largest QR code payment gateway, today announced the completion of a JPY6.6 billion funding round. The round, which was made through a combination of a capital infusion and the allotment of new shares, includes a JPY4 billion investment made from funds managed by global […]