Why QR Code Payments Are the Secret to APAC’s Digital Wallet Boom

qr code payment alipay

The Rise of Digital Wallets in APAC: Redefining Payments and the Future of Cashless Economies Across the Asia-Pacific (APAC) region, digital wallets such as Alipay and WeChat Pay have fundamentally reshaped the way individuals and businesses handle money. From paying for a morning coffee to securing government subsidies, these mobile payment innovations have positioned APAC as a global leader in the transition toward cashless economies. But what makes this transformation so significant, and what challenges remain in this highly dynamic landscape? Cashless Economies on the Rise By 2024, an estimated…

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Japan and other Asian countries to collab on QR code payments

QR code - Japan Flag in code

The barcodes are already popular in many of the countries, so they now aim to make them compatible Japan has joined a number of other Asian countries in an effort to create a QR code payments system that ca be used across all their borders, making it easier for the digital transaction services to be used from one country to the next. There are a number of Southeast Asian countries involved Among the countries joining the QR code payment system collaboration is India, among several other Southeast Asian nations. Payments…

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Almost half of consumers don’t like using restaurant QR codes

QR Codes in restaurants

A recent study showed 47 percent of restaurant patrons aren’t comfortable scanning the barcodes. Even as restaurants continue to use QR codes more regularly to help take pressure off front-of-house staff, the results of recent studies are indicating that many patrons still haven’t reached the point that they’re entirely comfortable scanning with their smartphones. The quick response barcodes are used for everything from displaying menus to ordering and paying. QR codes are affordable and easy to use, making them highly appealing for restaurants to use as tools for improved front-of-house…

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QR code tickets via WhatsApp launch on Bengaluru train lines

QR code tickets

The Indian city is now letting riders use the messaging app to purchase their fare and travel passes. WhatsApp using travelers in the Indian city of Bengaluru will now be able to use the application to scan and purchase QR code tickets and make travel pass refills to ride the train. The Meta-owned messaging app announced the new service, describing it as a first ever for the application. According to Meta’s news release announcing the QR code tickets, it is a “first-ever” service for its WhatsApp. The application and the…

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JCB to launch first mobile payment app for Japan’s credit giants

Mobile payment app - JCB Payments

As one of the oldest credit brands in the country, it is looking for revenue source diversification. JCB is preparing to become the first major credit card company in Japan to offer a mobile payments app, with intentions to move into that space as early as 2023 in order to secure its position among younger users. The company has a substantial international transaction network and boasts 146 million cardholders. Aside from its 146 million cardholders, it also has a substantial 39 million partner vendors. That said, they are launching their…

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