What's New in Payments

China to move to common QR payments standard

In depth: The fight for dominance in China’s mobile payment market — Caixin Global — “Under the plan, by the end of 2021 all merchants will be able to use one universal barcode to facilitate transactions through different payment service providers, including banks, Alibaba’s Alipay and Tencent’s WeChat Pay. Currently, payment providers issue different barcodes that can be used only on their own services.”



What's New in Payments

Alipay to use ‘beauty filter’ to boost adoption of face payments terminals

Alipay adds a beauty filter to its facial scan payment system to encourage more female users — Radii China — “The move came after Sina Weibo’s tech channel pointed to data that showed male adoption rates of facial scan payments on Alipay were higher than those for females. ‘Be honest, when you’re using the facial payment option, do you think you’re ugly?’ asked the account via a poll. After more than 40,000 people voted, the poll showed that over 60% felt the payment method made them look ugly and ‘not as pretty as when taking a normal photo’.”



What's New in Payments

European mobile wallets adopt Alipay QR code format to boost payment interoperability

Map of western europe

Six European mobile wallet providers — Bluecode (Austria), ePassi (Finland), Momo Pocket (Spain), Pagaqui (Portugal), Pivo (Finland) and Vipps (Norway) — have adopted a QR code format from Chinese payment provider Alipay to ensure digital payment interoperability and improve the international reach of customers’ wallets as well as boosting sales, participants have told NFCW... More


What's New in Payments

Hong Kong airport adds face recognition payments

Duty Zero by CDF introduces facial recognition payment at HKIA — DFNI Frontier — “The Duty Zero by CDF liquor and tobacco stores are the first in Hong Kong to feature the software, which is designed to enhance the consumer shopping experience for Chinese consumers. The Dragonfly POS devices are placed next to the checkout, customers input their phone number and face towards the camera; the software then completes the transaction in just a few seconds.”


What's New in Payments

Alipay to invest $448m promoting face recognition payments in stores

Alipay to spend US$448m plugging new face scanner — Yicai Global — “Dragonfly 2’s next-generation 3D cameras are more precise and have a wider angle, and since the device can handle payments under various lighting conditions merchants will not need to make any changes to their store lights… The scanner is priced at CNY1,999 (US$298.50), nearly 30% less than the previous version.”


What's New in Payments

Stripe strikes global partnerships with China’s Alipay, WeChat Pay

Stripe strikes global partnerships with China’s Alipay, WeChat Pay — Reuters — “‘If you are an internet business this unlocks a new vast customer base,’ John Collison, Stripe’s president and co-founder, said in an interview. In turn, Chinese consumers will have expanded choice as to which international online merchants they can purchase products and services from, he added.”


What's New in Payments

In China, Amazon’s ‘store of the future’ is already open

In China, Amazon’s ‘store of the future’ is already open — Tech In Asia — “This is a typical Bingobox store… A shopper opens the door – and registers with the startup – through WeChat, the popular messaging app… The customer has to scan each item’s barcode. And then pay on their phone, either via WeChat or Alibaba’s mobile wallet app, Alipay. As you leave the store, a camera checks you’re taking out only the stuff you paid for.”


What's New in Payments

BBVA brings Alipay to Spain

BBVA brings Alipay to Spain — BBVA — “BBVA will integrate Alipay into the bank’s Smartpay service, which turns a cell phone into a means of payment… Stores already using the service simply need to update the Smartpay app to be able to accept payments with Alipay. BBVA is also working with the large chain stores in Spain to prepare them to accept payments with Alipay as early as possible.”


What's New in Payments

Carnival Corporation to offer Alipay payment services onboard its fleet in Asia

Carnival Corporation to offer Alipay payment services onboard its fleet in Asia — Carnival Corporation — “Carnival Corporation’s first and largest brand in China – Costa Cruises – will give passengers the option to use their existing Alipay accounts as a payment method for cabin folios. All onboard spending – including shopping, activities, excursions, food and drinks – will be added to each guest’s cabin folio as the purchase is made.”


What's New in Payments

Ant Financial enters Hong Kong market with AlipayHK mobile wallet

Ant Financial enters Hong Kong market with AlipayHK mobile wallet — South China Morning Post — “The mobile wallet and payments app, dubbed AlipayHK, is similar to its Chinese counterpart Alipay — registered users are able to top up their mobile wallets and make in-store payments that are settled in Hong Kong dollars at merchants such as Watsons, Fortress and at supermarkets like ParknShop.”


Transit Ticketing Today

Hangzhou buses first to all use mobile pay

Hangzhou buses first to all use mobile pay — China.org.cn — “‘Passengers can use Alipay and UnionPay flash payment cards on this terminal. Apple Pay, Samsung Pay, Huawei Pay, Mi Pay and Android Pay can be used with smartphones or wearables like watches and electronic bracelets,’ said Liu Xiaojie, general manager of public services at Ant Financial.”







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