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.”




Transit Ticketing Today

Tencent reports 100 million transit ticketing mini-app users

100 million transit riders are paying with WeChat mini-program: Tencent — Caixin Global — “Ride Code allows subway and bus riders to pay for transit fares with QR codes directly upon boarding in various Chinese cities. At subway stations, that means showing your barcode at the turnstile. Riders do not need to visit ticket kiosks as the fare is deducted from their WeChat Pay wallet.”



Transit Ticketing Today

UK upgrades to smart rail tickets, looks to introduce innovative new types of fare

Mobile phone and smart ticketing reader

Smart ticketing has been introduced for passengers using major railway stations in the UK. The move sees travellers at all major stations across Britain, including London Waterloo, Brighton, Gatwick Airport, Edinburgh Waverley and Glasgow Central, able to store tickets securely on their mobile phone, on a smart card or in a printable email. More



What's New in Payments

Alipay offers POS terminals that combine face recognition with QR payments

Alipay Box to utilize facial recognition tech for payments — Shine — “Alibaba’s financial and payment affiliate Ant Financial has released smart payment hardware called Alipay Box, integrating barcode scanning and facial recognition features… The plug-and-play device, which is smaller than a traditional self-service point of sale (POS) machine, does not require an overhaul of the merchants’ existing enterprise resource planning (ERP) system.”


What's New in Payments

Tesco lets shoppers self-checkout with their mobile phone at new Jack’s discount chain

Tesco spin-off Jack’s opens its doors with free mobile ‘Smart Shop’ app — Internet Retailing — “With the app, shoppers can scan the item’s barcode or shelf-front price code and then pay by simply tapping their phone on a self-service checkout terminal before leaving. The app also helps the shopper log what they have bought and how much they have paid.”



What's New in Payments

Korean retailer pilots unmanned convenience store that uses face recognition for entry and payments

GS25 brings facial recognition to new shop — Korea JoongAng Daily — “Most convenience stores without a human cashier use barcodes to identify the products. GS25’s new system instead identifies an item by its packaging and weight. This allows customers to simply place items on the table before paying using facial recognition or a credit card. The company says it takes only about a second for the system to recognize five items at once, whereas with the conventional barcode system it would take 15 seconds to scan them one by one.”