A recent spate of scams involving QR code mobile payments in China has sparked calls for the authorities to “do more to protect consumers”, according to the South China Morning Post. “By replacing legitimate merchants’ codes with malevolent copies, fraudsters can gain access to consumers’ data and even raid their bank accounts,” the report says. “The proliferation of this type of crime has been made possible by the explosion of mobile payments in China.”
- East reports on Apple Pay fraud in Europe
- IMF reports on the impact of digital money on banking business models
- PayPal launches its Xoom mobile remittance service in Europe
- Miami-Dade to roll out open loop ticketing in August?
- Metrolink rolls out open loop ticketing on Manchester trams