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Bye-bye cash, hello contactless?

Dec 01, 2018 - The Banker

The use of quick response (QR) codes for payments has seen a meteoric rise in Asia, to the point where people feel 'old-fashioned' when trying to use banknotes in Chinese cities such as Shanghai and Beijing.

Consumers have been won over by the slick user experience of simply scanning and paying, while the low-tech, low-cost deployment has pulled millions of small and micro merchants into the payment system, happy that they no longer need expensive point-of-sale terminals to accept digital ...