Scanning a barcode to make payments in China could soon be a thing of the past, as technology giants such as Tencent are now studying the use of facial and fingerprint recognition for such transactions. Most people in China pay using their mobile phones to scan QR codes — a type of barcode. WeChat Pay in August introduced its «Frog Pro» system that allows customers to make payments by simply scanning their faces — without the use of their mobile phones. The technology is now being tested in several retail chains in China and came after Alipay rolled out its own facial recognition payment system, the «Dragonfly,» last year. Asked about data privacy and security, Geng said that working with Chinese regulators to introduce new payments technology means the company will have to comply with any data protection requirements. In addition, the fact that WeChat could process one billion transactions daily means the company has stringent measures in place to protect users’ data — something it would keep up and strengthen, he said. Alibaba Group’s founder Jack Ma previously said the company thwarts million hack attempts every day. Before facial and fingerprint recognition becomes more common in China, Tencent will continue to expand the use of WeChat Pay both domestically and internationally, said the vice president. One of the company’s latest move is to support foreign credit and debit cards on its platformsaid Geng. That will allow tourists to make payments more easily in China, where foreign cards such as Visa or Mastercard are not commonly accepted.
Why are QR Codes popular in China?
Simply put, QR codes let you hyperlink and bookmark the physical world. Just as UPC barcodes allow machine-readable scanning of data e. And unlike NFC near-field communication , which is used for reading smart cards, keycards, and contactless payments, QR codes can be easily accessed by any phone in the world that has a camera. They enable everything from online to offline O2O marketplaces, which are huge in China, to augmented reality. Some of the more obvious use cases for them include things like adding a WeChat friend in real life IRL ; subscribing to a WeChat official account often representing media, stores, people, and others ; paying a street vendor or at a convenience store; connecting to wi-fi in a shop; getting additional content from a magazine article; and learning more about styling or the brand from a clothing label. And in many Asian cultures, cash is more standard and socially acceptable anyway compared to other gifts for auspicious occasions like marriage, births, etc. In China, these gifts come in the form of red envelopes — which were also a growth hack for increasing adoption of payments in messaging. Bluntly, begging has gone digital in China thanks to the penetration of mobile wallets there.
The world’s second largest economy is on the fast track to ditching cash.
In this case, the panhandlers collect physical change from kind strangers, but also quite brilliantly provide mobile payment QR codes as another payment option. The penetration of QR codes is so deep in China that it includes other forms of social commerce besides gifting or begging. Even churches collect tithes through QR codes. Why only offer wooden collection boxes when you can offer a QR code, as with this temple in Hangzhou? Because how else can someone identify a lost or found pet? In the U. But what if QR codes on phones or tattoos or elsewhere could address this function? Well, in Beijing, a hospital is proposing digital profiles for its senior patients so it can identify them and access their EMR if they are brought into the hospital unconscious. These profiles would be accessible through a QR code worn around their neck like a badge. On college campuses, grocery stores, and park trees in the U. Despite the popularity and availability of online mechanisms, these physical posts are still ubiquitous.
Why are QR Codes popular in China?
Pr o makr Not only does a vCard Plus QR Code always reveal contact details from your pet, cpde you can also add additional information such as if your pet requires a certain medicine or has other special needs. In Hangzhou, where Alibaba is headquartered, the local government has connected several public services to Alipay. Or if you are sending your child off to school, if they get lost, they can attach a QR Code to their backpack so parents can be notified. QR Codes are simply so popular that even beggars are using them to collect donations! Analysts predict they will eventually be used for official documents such as birth certificates, visas and ID cards. WeChat can also how does chinese qr code make money used as a form of payment through its use of QR Codes. Billboard advertisements are still a common platform for marketing campaigns. And in many Asian cultures, cash is more standard and socially acceptable anyway compared to other gifts for auspicious occasions like codw, births.
8 Ways QR Codes in China are used
Even as a first-time visitor to China, it is impossible not to notice the prevalence of QR codes, from restaurants, attractions and even the mom and pop shops along the street. Have you ever wondered what these QR codes are for? This is monet the number one app in China, even in the workplace email loses out! It is an amazing experience to walk around a local market and see that even the grandma selling tomatoes embraces this technology to collect payment. By displaying the QR code at her xode, customers can scan it using WeChat and pay her using the money they have in their WeChat wallet. Your WeChat wallet is an internal account that receives money if others pay you and vode be topped directly from your bank account.
WeChat Pay’s expansion
Renting a bike, paying for your taxi, buying a train ticket, booking a hotel, grabbing movie tickets, topping up your mobile, paying your electricity bill or other utilities, ordering food delivery, shopping online .
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