Why QR Code Payment Gradually Gain Popularity Across The World?


Burma planned to launch national standard QR code MMQR recently after Japan issued its unified QR code JPQR. As more and more countries issue policies to promote QR code payment development, it is expected to become one of the global popular payment methods.
Why QR code payment will gain more popularity during the epidemic? And how did QR code payment become popular step by step? If we want to know something of it, we should start with its development resistance and advantages.
To begin with, people should take it in mind that credit card payment will be badly impacted once QR code payment widely use to a certain extent. This condition will further affect the interest of relevant banks, consortiums and enterprises, which are the strong financial sources in the country. Without national policy support, merchants are unwilling to input much sunk costs to promote QR code payment. Importantly,
If not capital and technology input to optimize consumer experience, consumer won’t easily change payment habit and accept new payment method. Under such circumstance, it will be difficult to stimulate market to further promote QR code payment development.
However, QR code payment has attracted people's attention due to its contactless, safe and convenient features affected by the epidemic. People gradually realize that QR code payment potential advantages will help country, banks and merchants gain more benefits.
It is reported that the popularity of QR code payment can accelerate cashless society progress. Cashless transaction can help banks improve business efficiency, cut costs, reduce the number of counter staffs and ATM machines. Furthermore, QR code payment can benefit banks to develop commercial business. Treated QR code payment as a link, banks can use big data technology to deeply explore business condition and financing demand of small and medium-sized businesses. And then, they could provide comprehensive financial services such as credit financing, deposit financing, electronic banking and payroll credit
 
Benefiting from national policy support and UnionPay standard QR code promotion, the pain point of consumer payment experience like micropayment and large payment can be solved while using QR code payment. It is convenient for customers to complete payment by scanning QR code or displaying QR code. For retail stores, convenience stores and other payment scenarios, it is conductive to cultivate consumers’ payment habits, improve their stickiness, and even reduce the burden to introduce franchise stores.
In order to better promote the development of QR code payment, Telpo has also launched a series of QR code payment products, covering QR code scanner, mobile handheld payment terminal, EFT-POS device, bus validator and so on, which can fully satisfy whole consumption scene payment requirement.
With exquisite appearance, high-end configuration and super performance, Telpo QR code payment products are good for cultivating consumers QR code payment habits, enhancing their payment stickiness and further stimulate secondary consumption.
Take QR code payment as an opportunity to connect online payment and offline payment scene, better promote cashless society progress and development.

评论

发表评论

此博客中的热门博文

How To Clean And Maintain Self-checkout Kiosk?

图片
  Self-checkout is gaining more and more popularity from both retailers and consumers.   75% of people said that they preferred to purchase products using self-checkout as it can save time, Consumer Reports reported. When it comes to the device that promotes business growth, it is quite important to do well in its clean and maintain jobs.  Here are a few practical tips to ensure self-checkout kiosks are normally up and running.   Place it in the proper environment.  Different kinds of self-checkout kiosks are made of various materials and have quite different demands on the environment. Please don’t place an indoor-rated kiosk outside or in an area with numerous dust or particles in the air, because accumulated dust is easy to cause malfunction of the kiosk. The cleaning method is to remove the outer shell of the kiosk and wipe it with a damp cloth (please contact the supplier if the outer shell is not easy to remove).   Keep clean.  The touchscreen could be recognized as the most prom
阅读全文

Health Pass Solution Assist Vaccination Status Verification

图片
  Along with the EU Digital COVID Certificate Regulation entry into force on 1 st   July 2021, many European countries have announced respectively local health passes and made it mandatory to show for access to certain public places.      In France, a compulsory passe Sanitaire (health pass) for access to cultural and leisure venues has already come into force on July 21. Individual should use the valid health pass to prove they are vaccinated or have tested negative for Covid-19, otherwise, they might be fined €135 for a first offense. And the health pass requirement will be extended to a large scope after August.   As an e-certificate that stores and records vaccination and COVID-19 test status, the health pass allows vaccinated people to prove their health credentials at the scan of a QR code. It is not only good to reduce the risk of virus spread but only conducive to boost cross-border businesses and tourism development.     Guided by the successful experience of health code solut
阅读全文

Health Verification Scanner Assist High-efficient Authenticate Digital COVID Health Pass

图片
  Germany is trying to roll out its digital vaccine certificate “CovPass” by the end of June, making it easier to prove that a person has been fully got vaccination against the COVID-19, German Health Minister Jens Spahn said.    Germany is rolling out its digital vaccine certificate “CovPass”   It was reported that vaccinated people should receive a piece of paper with a code that they can onto their smartphone and onto an app, transferring it to a digital COVID health pass. Results of Covid-19 tests or proof of recovery from coronavirus can also be stored on the CovPass app. And the digital health pass is available alongside Germany's traditional yellow paper vaccination booklet.   German such action can be treated as the response to the suggestion that the European Commission advocated countries would launch a digital health record – now called the EU Digital Covid Certificate, to make travel easier and safer, and boost the economies of tourism-dependent nations at the beginning
阅读全文