Tag: qr code mobile payments

The smartphone transaction service will be rolled out across the United Kingdom before the end of 2016.

Tesco has announced that it will be rolling out its PayQwiq mobile payments service across the United Kingdom. Its services will become fully available now that it has undergone its trials successfully.

This mobile payments service is meant to make it faster and easier for customers to complete the checkout process.

The PayQwik mobile payments service lets consumers link credit and debit cards to the app. With this mobile application, they can pay for items purchased online or in store. To complete the transaction, they must scan QR codes displayed on-screen. The application also makes it possible to collect Clubcard points. Therefore, the points card doesn’t need to be scanned separately.

Until now, the PayQwik mobile payments app was available only in London and Edinburgh.

Moreover, the mobile app could be downloaded only by those with an invitation. That said, its availability will now be broadening to include consumers at 600 stores throughout those two original cities. Stores in Plymouth and Northern Ireland will also be included in this next wave. The app is compatible with Android and iOS smartphones.

This mobile wallet places Tesco in direct competition with Apple Pay and Android Pay within its stores. That said, the PayQwik mobile wallet functions only within Tesco stores so the competition stops there. Among the main reasons it has an advantage over the competition while in-store is that it lets customers use their Tesco Clubcard within the app.

This is appealing as it doesn’t require people to have to make PayQwik mobile payments only to have to fish a plastic loyalty card out of their wallets. Both types of transaction occur automatically and digitally. All that is required in order to complete both processes is the scan of a QR code.

A spokesperson from Tesco Bank explained: “At Tesco, we are always looking to make the shopping experience simpler and easier for customers and that’s why we’ve developed PayQwiq.” So far, customer feedback on the service has been “very positive,” said the Tesco spokesperson.

Cinema operator has embraced mobile payments using QR codes

A German cinema operator has begun accepting mobile payments for tickets, drinks, and snacks. CinemaxX will begin rolling out its mobile payments initiative in the near future, hoping to provide more convenient services to theater goers. The company currently operates 29 cinemas in Germany, each of which will support mobile payments being made through QR codes. These codes can be used to pay for a variety of products offered at the cinemas.

QR codes continue to hold a strong position in the mobile commerce space

QR codes have become powerful mobile commerce tools. In the past, these codes had been used as a way to keep track of inventory, but then became an attractive solution for marketers trying to engage mobile consumers. QR codes are still used for marketing and sharing information, but now they are being used to facilitate mobile payments. They have also begun being used to produce “pop-up” stores, which can take place anywhere and sell a variety of products that can be purchased by scanned a QR code.

Yapital Financial will be providing the payment system that will be used by CinemaxX

The mobile payments system that CinemaxX will be using has been developed by Yapital Financial. Those scanning QR codes with their smartphones will be able to make payments using the Yapital mobile application. Once a transaction is confirmed, consumers will receive the products or tickets that they have purchased. The partnership between the two organizations may give them a strong position in the mobile space, which has become a priority for Yapital Financial considering the growing number of mobile consumers.

Mobile payments continue to attract the support of mobile-centric consumers

Mobile payments have become quite attractive to consumers. Many people are now using their mobile devices to shop online and purchase products, but they are also wanting to use these devices to purchase products in physical stores. Allow consumers to do so could open up new opportunities for businesses, including cinemas, and give companies a better way to connect with a new generation of mobile consumers.