UnionPay International

11 news stories.

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Singapore pilots next generation QR mobile payments service

By Tom Phillips • • Updated • nfcw.com
Banners for Singapore's SGQR and SGQR+ enhanced interoperable common QR code payment schemes

The Monetary Authority of Singapore (MAS) is testing an upgraded version of its SGQR unified QR payment code that will enable merchants to accept QR code payments made using a wider range of local and cross-border payment schemes through a single financial institution rather than having to maintain commercial relationships with individual payment scheme providers... More

Global QR code transaction values to exceed US$3tn by 2025

By Tom Phillips • • Updated • nfcw.com
Juniper Research graph showing global QR code transaction values to exceed US$3tn by 2025

The total transaction values for payments made using QR codes worldwide will reach more than US$3tn by 2025, an increase of 25% from US$2.4tn in 2022, driven by an increasing focus on financial inclusion in developing markets and alternative payment methods in developed regions, according to a forecast by Juniper Research... More