QR Code Press

CAC deletes nearly 10,000 Chinese social media accounts

11/14/201811/14/2018 L. Green

Chinese Social Media Accounts - Teen Selfie - Mobile Phone

Thousands of social media accounts have been eliminated by the nation’s top cyber authority. The Cyberspace Administration of China (CAC) has erased almost 10,000 Chinese social media accounts that it found to be in violation of the law. The account holders were accused of posting online content that the CAC deemed to be vulgar, sensational or politically harmful. Accounts were eradicated for a variety of violations. More specifically, thousands of Chinese social media accounts were erased for violations such as, “spreading politically harmful information, maliciously falsifying (Chinese Communist) party history,…

QR code payment fraud in China’s radar with new caps

01/02/201812/30/2017 Julie Campbell

As popular as the mobile transactions may be, the country’s central bank is issuing new security regulations. China’s central bank is rolling out new regulations to help prevent QR code payment fraud. Quick response codes have become exceptionally popular in the country but have exposed consumers to fraudulent activities from criminals. Some of the most popular mobile payments apps in China currently use the barcodes to complete transactions. Both WeChat and Alibaba’s AliPay – two of the largest mobile payments apps in the country – use QR code payment technology…

Fraudulent QR code plays central role in $13 million scam

03/10/201703/08/2017 L. Green

As commonplace as quick response code scanning may be in China, scams are becoming a problem. Many residents of the Chinese city of Guangzhou fell victim to a fraudulent QR code that scammed them out of millions of dollars. The scam stole an estimated RMB90 million (about US$13.03 million) from unsuspecting smartphone users. The use of quick response codes has become exceptionally commonplace in China. They are used as a part of mobile payments to let people complete transactions at the local convenience store. They are found on product packaging…

Massive QR code network expansion headed to Paytm in India

02/22/201702/20/2017 Jesse Collins

The mobile payments company is making a tremendous investment to build an Alipay-like presence. India’s largest mobile wallet, Paytm, announced its intentions to make a very large investment into growing its QR code network. The company intends to spend about $89.6 million to assist merchants to accept mobile payments via quick response code. The company is hoping to use the barcodes to see similar successes to Alipay and WeChat. The reason is that those two Chinese companies have managed to successfully create and execute a QR code network. That said,…

Tencent reports greater growth thanks to mobile games and other ventures

03/25/201603/23/2016 Stephen Vagus

Company finds more success through a strong mobile focus Tencent, one of China’s largest Internet companies, has released information concerning its performance over the past year. In terms of sales, the company saw a 45% increase in quarterly sales, which is better than it had expected. Tencent is seeing significant growth through its mobile endeavors, especially where payments and gaming are involved. The company is also selling a wealth of content via its mobile platforms, such as WeChat and QQ. Adding rich content to mobile platforms make them more attractive…