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Asia Public

Hong Kong Monetary Authority Declares The Launch Of Faster Payment System

Say you want to transfer money to a friend’s bank account. The normal funds transfer will take 2-3 days to complete. But Hong Kong Monetary Authority (HKMA) took a step towards smart banking. HKMA announced the launch of Faster Payment System (FPS) for immediate inter-bank fund transfers. The Faster Payment System is a project under […]

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Asia Public

Inspiry Launches Self-Service QR Code Payments Solution In Japan

The Beijing Inspiry Technology Co., Ltd., launched its offline mobile payments in Japan on 6th Sep, 2018. Inspiry Technology is a Chinese provider of mobile payment solutions. It focuses on the research and business innovations of QR Codes and related technologies. Inspiry invented the offline mobile payments solution— Smart Box. The Smart Box is a […]

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Asia Public

Noida Metro Smart Card: A Single Card To Pay For Bus Fare, Parking, And Shopping

You probably travel in metro trains and know what metro smart cards are. One uses these smart cards to pay the metro fare. But can you use them to make payments for bus fare, parking, and shopping too? Probably yes! The users of soon-to-open Aqua Line of Noida Metro Rail Corporation (NMRC)— India, will be […]

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Europe Public

Ukraine To Accept Cryptocurrency: Now Use Bitcoins To Pay For Groceries

In Sept 2018, the Bessarabian Market–Ukraine, came up with the option to make payments with Cryptocurrency. It means that one will be able to make payments for the groceries and openly trade on Bitcoin Loophole with cryptos. This is made possible by Paytomat, a crypto payments processor. For the uninitiated, cryptocurrency is a digital currency. […]

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Asia Management Marketing

QR Codes In Russia: Diverse Cases For User Engagement

Russia, the largest country of the world, has over 83 million active internet users and high smartphone engagement. But how does the internet connected tech-savvy population uses QR Codes in Russia? Back in Jul 2012, J’son and Partners Consulting conducted a survey in Russia. The aim was to check QR Code awareness amongst the Russian citizens. […]

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Asia Products & Apps Public

Quickpay By BIBD: A Mobile Payments Service For Businesses And Consumers

In Aug 2018, Bank Islam Brunei Darussalam (BIBD) launched its service QuickPay. The BIBD QuickPay is one of the updates by BIBD to simplify the transactions for its users. With the launch of QuickPay, BIBD plans to go ahead with with its aim of cashless payments in Brunei. “QuickPay is simpler, more secure, and also […]

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Asia Public

PayNow Corporate: Singapore’s Instant Transactions Platform For Corporates

On Aug 13, 2018, Singapore launched PayNow Corporate. It is an extension of peer-to-peer funds transfer service—PayNow. PayNow Corporate allows Corporates, Businesses, and Singapore Government to make and receive payments with their Unique Entity Numbers (UEN). It aims to enhance the way one sends and receives payments from customers or business partners. There are seven […]

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Asia Public

India Post Payments Bank: An Aid For Financial Services In Rural Areas

In Aug 2018, the Prime Minister of India, Narendra Modi, announced the inauguration of India Post Payments Bank (IPPB) and its Application to be held on Aug 21, 2018. The prime aim of IPPB will be to provide financial services in the rural areas of the country. India Post Payments Bank, a payments bank, will be […]

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Asia Public

QR Code Based Payment At IGI Metro: A move to make travel hassle-free

You travel in Delhi Metro. To buy a token or to recharge your metro smart card, you have to wait in the queue. To help make travel hassle-free for passengers, Delhi Metro Rail Corporation (DMRC) is planning QR Code based payment at IGI Metro. Passengers will be able to pay for their ride through a […]

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Asia Public

QR Code in Mumbai Taxis and Autos to Strengthen Passenger Safety

Say you are travelling in a Mumbai taxi or auto-rickshaw (auto). And the driver misbehaves. Or takes the vehicle via a suspicious route. Or you’ve forgotten your belongings in the vehicle. To deal with these issues, the Maharashtra State Government in India has announced introduction of QR Code in Mumbai taxis and autos. The State […]