Line sets out plans to roll out mobile payments in Japan

Chat app Line plots finance ‘revolution’ with mobile payments — Nikkei Asian Review — “Line, the operator of Japan’s leading chat app, is pushing hard into the banking sphere with plans to aggressively expand in mobile payments, aiming to get its 75 million users hooked on transactions without the fees imposed by conventional banks… Line is rolling out a version of its app that will let small and midsize merchants accept QR code-based payments via Line Pay. Transaction surcharges will be waived for the first three years, and the system costs nothing to set up.”


SoftBank to enter Japanese mobile payments market with Paytm technology and three years’ free processing offer

SoftBank and Yahoo Japan JV to launch ‘PayPay’, barcode-based smartphone payment services in collaboration with India’s Paytm in the fall — SoftBank — “PayPay Corporation, a joint venture established by SoftBank Corp and Yahoo Japan Corporation, today announced that the company will launch ‘PayPay’ smartphone payment services using barcodes (QR code) in fall 2018. PayPay Corporation will team up with India’s largest digital payment company Paytm, a SoftBank Vision Fund portfolio company, to utilize Paytm’s technology and expertise in mobile payments… The service will be free to affiliate stores for the first three years from its launch.”


Singapore Airlines rolls out blockchain digital wallet that lets customers spend loyalty points in retail stores

KrisFlyer launches innovative miles-based digital wallet, KrisPay — Singapore Airlines — “The SIA Group’s KrisFlyer frequent-flyer programme today launched KrisPay, the miles-based digital wallet which enables members to convert KrisFlyer miles into KrisPay miles instantly for everyday spending at partner merchants… Members can easily turn their KrisFlyer miles into KrisPay miles using the app’s instant top-up function… To pay for purchases, members simply need to scan the KrisPay QR code at the merchant, and key in the amount they wish to pay with their KrisPay miles.”



Eight million merchants now accept Paytm QR payments in stores

Tier II and tier III cities are leading the wave of digital payments adoption — Paytm — “We are powering the largest offline payments network with over 8m offline merchant partners who accept payments via the Paytm QR. We have a 3x larger merchant base compared to any card payments network in the country… This has helped us achieve an annual run rate of 5bn transactions and $50bn GTV (Gross Transaction Value).”


Line Pay aims to convert 1m Japanese merchants to QR payments with free transactions for three years

Japan’s Line Pay throws down gauntlet to Alipay — Nikkei Asian Review — “Line has sought to minimize the hassle for retailers by allowing the retailer to use the service by simply downloading a free app on a smartphone… Retailers can also send messages to individual shoppers later, such as sales promotions. The service can be used free of charge for the next three years… There are also incentives for customers, offering them loyalty points valued at 3% to 5% of every purchase they make with Line Pay.”


UnionPay begins mobile payments rollout in North America

UnionPay QR code payment debuts in North America — UnionPay International — “UnionPay International announced today that it has partnered with Bank of China (Canada) in enabling all the stores of Foodymart in Canada to accept UnionPay QR code payment… Some food and beverage merchants in California, the US, have recently started accepting UnionPay QR code payment too… It is expected that the number of merchants accepting UnionPay QR code payment in North America will reach 5,000 within this year.”


Hong Kong metro to add QR codes to turnstiles

Hong Kong to implement QR codes on MTR station, calls for application — e27 — “Under the new system, passengers will be required to pre-generate a QR-based transit code to enter or exit paid areas of the MTR stations, where they will be required to present the QR code. Information collected from the code will be used for journey construction and fare calculation based on travel-first-and-pay-afterwards mechanism.”


Mastercard to pilot cardless ATM withdrawals

It’s app, tap and go at ATMs thanks to Mastercard and Diebold Nixdorf — Mastercard — “Here’s how it works: Consumers open their bank’s app on their smartphone. They use the app to find nearby ATMs, choose the amount they want to withdraw and see the associated fees. Once at the ATM, they quickly snap or tap, often by scanning a QR code, authenticate using optional biometrics on device, and take the dispensed cash.”




Amazon uses QR codes to let Prime members access discounts in Whole Foods Market stores

Amazon serves up new benefit for Prime members at Whole Foods Market — Amazon — “Prime members can now get an additional 10% off sale items, typically hundreds of products throughout the store, plus weekly deep discounts on select best-selling items… To get started, customers download the Whole Foods Market app, sign in with their Amazon account and then scan the app’s Prime Code at checkout. Or, customers can opt in to use their phone number to save at checkout.”


Google Pay adds support for NFC tickets and boarding passes

Google Pay gains support for event tickets and boarding passes — VentureBeat — “Companies that integrate with Google Pay’s API — such as Ticketmaster — can enable their customers to save tickets directly to their phone by hitting the ‘Save to phone’ button after the checkout… Instead of having to open the Google Pay app or scan QR codes, fans will be able to simply hold their phone up to an NFC reader at the check-in to gain admission.”


Beijing Metro begins accepting QR code mobile tickets at turnstiles

QR code smartphone tickets available for subway — China.org.cn — “Travellers in Beijing can now use a QR code on their smartphone as a ticket to ride the subway… Passengers can download an app called RuubyPay that generates a QR code ticket that can be read using a scanner built into the subway turnstiles. The QR code scanning app can be used on any smartphone running iOS or Android that is connected to the internet, according to Sina.com. Tickets can be paid for using a linked bank, Alipay, or JD Finance account.”


Chinese province uses Alipay QR codes for citizen ID

China to launch e-ID cards for citizens via phone QR codes — Asia Times — “China requires its citizens to produce ID cards for verification when checking in at a hotel, boarding a train or plane or accessing government services. Now with the e-ID card, a user can just tap an Alipay app to show their QR code for similar verification, while leaving their wallet or physical card at home.”


Emirates NBD rolls out blockchain security platform that adds QR codes to physical cheques

Emirates NBD leads banking sector in cheque security by successfully rolling out ‘Cheque Chain’ at scale — Emirates NBD — “Cheque Chain enables a unique QR (Quick Response) code to be printed on every leaf of newly issued cheque books. The unique code registers each cheque on the bank’s blockchain platform, ensuring that once the cheque is received and cleared under the bank’s ICCS technology, bank staff can validate the cheque’s authenticity and have access to its source at all times. In doing so, this significantly reduces the risk of fraud by making cheque forgery much more difficult.”


Dutch supermarket chain opens cashless store

Spar Netherlands opens first cashless store — Retail Systems — “Called ‘Skippen’, or Skipping in English, the new concept enables students who download the accompanying app to purchase goods in-store without having to queue for a cash register. Shoppers simply scan items into their shopping cart via a QR code, before completing the payment with Tikkie — ABN Amro’s online payment solution.”


Fake QR code payment scammers arrested in China

Chinese market targeted by scammers who set up fake QR codes to divert payments — South China Morning Post — “A food market in China has been targeted by scammers who used fake QR codes to divert mobile payments into their own account… Three men have been arrested on suspicion of printing out small pieces of paper with the QR codes on them and then sticking them over 60 codes used by traders in Nanjing… The three unemployed men — who were only identified by their surnames Zhao, Zhu and Zhang — reportedly told police they had been inspired by a friend who had made money this way.”



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