Payments News

On The Web

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Tech

The NFC Forum’s Latest Spec Is Aimed Squarely at QR Codes

“Backers of near-field communication technology for mobile payments made it plain on Tuesday they’re ready to fight back against quick-response codes, a rival technology that has won support not only from giant systems like China’s Alipay and WeChat Pay but also domestically from merchant apps from big chains like Walmart Inc. and Kohls Corp. The NFC […]
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Domains

Indonesian mobile payments set for cross-platform boom

“Although they already saw rapid growth in 2018, transactions via mobile payments platforms and prepaid cash cards, which are very popular in underbanked Indonesia, still account for a small slice of retail sales. They will make up a bigger slice in 2019 when Bank Indonesialaunches a centralised gateway allowing cross-platform transactions. At the heart of this system […]
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Tech

Mexico Pilots National NFC and QR Mobile Payments System

“Mexico’s central bank Banxico has begun trials of its cashless QR and NFC Cobro Digital (CoDi) electronic payment system with employees of financial institutions including BBVA Bancomer , Citibanamex , Santander , Banorte , Banregio and Fincomun . The system works by using QR codes to make electronic transfers through mobile phones which are linked […]
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Tech

Japan to Unify Mobile Payment Codes, Enlisting Chinese Giants

“Line and Alibaba Group Holding are among five major internet businesses from Japan and China that will standardize QR codes that are scanned to make payments via smartphones in Japan, Nikkei has learned. The others joining this undertaking are online flea market operator Mercari and mobile carrier NTT Docomo from Japan and Tencent Holdings ‘ […]
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Tech

Brazil’s Itau Unibanco to Launch New Payments App Using QR Code

“Itaú’s new platform, called Iti, will work through an app connecting individuals and merchants and will be available to both clients and nonclients of the bank, it said on Monday. Merchants using Iti will pay a fee of 1% per transaction and will receive payments instantly – cheaper than fees currently charged by many card […]

On The Wires

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Global

RiverPay Integrates UnionPay QR Code Payment to Offer Full Portfolio of Chinese Leading Mobile Payment Options

“RiverPay Inc., an integrated payments and marketing platform to connect Chinese consumers with overseas merchants and the authorized payment service provider of AliPay and WeChat Pay, today announced the strategic partnership with UnionPay International in North America, which enables RiverPay to add UnionPay QR code payment to its existing payment portfolio. From the partnership, RiverPay is […]
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Global

JCB Launches QR Code Payment in the Asian Region

“JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd, today announced that JCB has launched EMV standardized QR Code Payment service. JCB QR Code Payment is a new mobile payment solution for JCB cardmembers to scan the QR Code displayed at the merchant point-of-sale by their mobile phone. This merchant-presented QR Code […]