Tag: payment

  • Alipay transaction volume over Golden Week holiday more than doubles from last year

    TechNode reported that Alipay transaction volume over Golden Week holiday more than doubles from last year. Alipay, the payment arm of Chinese e-commerce giant Alibaba, has released new statistics about this year’s Chinese National Day Golden Week (黄金周, the week-long public holiday from October 1 to 7). As expected, mobile payment saw heightened traction during the […]

  • China’s mobile payment platforms are transforming online marketing

    Masha Borak wrote on TechNode about China’s mobile payment platforms transforming online marketing. “The most basic type of interaction is to invite customers to follow the brand’s official WeChat account to get notifications for their order,” Graziani told TechNode. Another is to automatically enroll customers in a group purchase, he added. Users share their purchase […]

  • Why QR codes trump NFC in China

    TechNode reported on Why QR codes trump NFC in China. Barrier of entry is much higher for NFC compared to QR code payment. This applies both for consumers and vendors. Consumers need to have devices that come with NFC and vendors need equipment that can accept NFC payments. QR code, on the other hand has […]

  • Alipay and WeChat Pay could be affected by PBOC’s QR code standards

    E27 reported that Alipay and WeChat Pay could be affected by PBOC’s QR code standards. Safety issues have emerged over barcode payments, particularly over fixed codes typically seen at restaurant counters. These are sometimes swapped by criminals who intercept payments. Setups that create a new code for each transaction are more secure. Alipay and WeChat […]

  • Dear Singapore govt, please remember the stragglers in the tech revolution

    E27 wrote a piece about the seed of the tech revolution. They are going to ask what the hell a “QR code” is, to which either a customer and or store owner will painstakingly but patiently (good luck finding that) guide them through the steps of downloading the app, linking up their bank accounts, hope […]

  • Apple Pay competitor CurrentC may not launch until next year

    Re/code reported on Apple Pay competitor CurrentC possibly not launching until next year. CurrentC, the payments app being created by a consortium of big retailers known as MCX, may not launch widely this year as originally planned, MCX CEO Brian Mooney told Re/code in an interview on Tuesday. The company will begin a public pilot […]

  • Apple Pay security

    Jim Dalrymple wrote on Fortune about the effect of Apple Pay on the App Store. The fact that none of these guys brought up or seemed at all concerned about cybertheft may tell you more than any headline that contains the words Apple, Pay and Fraud. “There’s no downside,” says Spring’s Alan Tisch. “Anything in […]

  • How secure is Samsung Pay?

    Mashable raised questions about the security of Samsung Pay. Samsung copied Apple Pay but needed a differentiating factor. Samsung Pay incorporates LoopPay technology to allow its phones to work at magstrip readers. These are the types of credit card readers seen at most U.S. retailers — but Apple Pay doesn’t work with them. Apple’s mobile […]

  • Customer data collection: why choose Apple Pay over CurrentC

    John Gruber wrote about Target’s customer data collection. This is what retailers like Target want to preserve, or even improve upon, with CurrentC. And this is exactly the sort of thing that Apple Pay, with its per-purchase unique tokens — is designed to prevent. So you think it is reasonable for retailers to collect data […]

  • Apple Pay is market leader in contactless payments after one week

    John Gruber wrote about Apple Pay being the market leader in contactless payments. One week, and Apple is already the market leader — using the same systems that Google Wallet and whatever else is out there have been using for years. And in retail locations (as opposed to within apps) it only works with one-month-old […]