Payments News

On The Web

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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 […]
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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

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

Bank Indonesia Launches National Standard QR Code

“Bank Indonesia (BI) launched on Monday its long-awaited Quick Response Indonesia Standard (QRIS) code system that aims to universalize cashless payment in the country. QRIS, which physically manifests as a more complex QR pattern, allows users from one payment service to transfer funds to any rival service within BI’s ecosystem.”

On The Wires

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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 […]