QR Code Press

Chinese mobile payments are driving the country toward becoming cashless

07/03/201706/30/2017 Jesse Collins

People in the country have used cash for thousands of years but smartphones are rapidly replacing it. Chinese mobile payments are quickly gaining ground as the country goes increasingly cashless in favor of smartphones. Despite the popularity of cash and the fact that it has been used in China for millennia, its days may be numbered. This move toward mobile wallets is allowing much of the country to skip the use of plastic credit cards. In May, the Trump administration celebrated a bilateral deal with China, allowing American credit cards…

Will mobile payment technology be the end of ATMs?

06/30/201706/28/2017 Julie Campbell

The automated teller machine turns 50 years old in 2017 but some think its days might be numbered. The automated teller machine (ATM) turned 50 this year, but with mobile payment technology gaining ground, many wonder how long the older tech will last. Though these cash dispensing machines were once regular stops in consumers’ lives, their importance is fading. The first ATM was installed in north London at the Enfield Town location of Barclays Bank. The first customer to actually use one of these machines was Reg Varney, an actor…

Long anticipated LG mobile payments solution launches in Korea

06/05/201706/03/2017 Jennifer Goula

After having been first mentioned in November 2015, the electronics giant is finally getting started with consumers. The launch of the new LG mobile payments service hasn’t come as much of a surprise to many. The company first revealed its intentions to begin offering a mobile wallet back in November 2015. The initial rollout of the service finally occurred at the end of last week and is available exclusively in South Korea. The LG Pay service is available exclusively to Korean users of the LG flagship smartphone, the G6. Users…

QR code use is changing the young Chinese adult relationship with money

06/02/201706/01/2017 Sam Lambert

In fact, quick response codes are having an impact on this demographic’s social behaviors. A new theory published in the South China Morning Post suggested that QR code use is changing the way young adults in the country live their lives. It is, according to the report, altering the way young Chinese adults view money and it is even altering their social behaviors. Quick response codes have been central to many forms of mobile payment technologies in the country. In China, consumers use mobile payments fifty times more than shoppers…

American mobile payments infrastructure half a decade behind India’s

05/19/201705/17/2017 Jesse Collins

mobile payments infrastructure adoption trends

Ezetap CEO, Bobby Bose, recently stated that the Indian systems are “five years ahead of the U.S.” The American mobile payments infrastructure is far from a global leading marketplace, according to recent Ezetap CEO statements. The head of the Indian mobile payment firm, Bobby Bose, said that his home country’s infrastructure “is probably five years ahead of the U.S.” India is undergoing a massive shift toward the digital marketplace and most consumers are choosing mobile. “India is going through a digitalization of almost everything. It started with commerce, went to…