Tag: qr codes mobile payments

Chungwa, a carrier from Taiwan, will be launching its service in the summer of 2013.

The latest technology news from Taiwan is that Chungwa Telecom Co., the largest mobile network operator in the country, will be launching a mobile payments program that will use QR codes to allow the transactions to be completed.

This could make a considerable difference in the adoption rate of mobile payments in Taiwan.

In order to use the program, consumers would use their smartphones to scan QR codes so that they can make payments to complete purchases of goods and services while in stores. This, according to a report that was released by the company, itself, announcing the upcoming mobile friendly service.

Pending regulatory approval from the QR codes could start to be used as early as June.

As of the launch of the QR codes based mobile payments service, the program is slated to become available to consumers as of June 2013. The report did not announce how many partner merchants have signed up to take part in the program, so far.

Chungwa is a company that is a part of a consortium that is made up of the biggest mobile carriers in Taiwan. This group has also been looking beyond QR codes and is investigating mobile wallet products that would use NFC technology. They believe that this could help to make mobile payments more appealing to individuals who are carrying enabled devices.

That initiative was launched earlier in 2013, but would not be ready until well after the service using the QR codes has already been implemented. Chungwa had actually launched a trial of an NFC technology based mobile payments service, last year, but the most recent report issued by the company didn’t mention whether that is for a program that would take over for the barcodes, or whether it would run the two types of payment services in tandem with one another.

At the moment, it will be the service using the QR codes that will first become available. Whether it will be temporary to draw attention to this type of smartphone-based payments or whether it will continue to run even if NFC technology is implemented, only time will tell.

The two companies are working together to use a simple QR code based program to pay for purchases.

LevelUp and Nokia have just announced a partnership together that could help to expand the use of mobile payments by consumers, regardless of whether or not they have NFC technology embedded in their devices, as this system is based on the use of QR codes.

This new partnership has had the two companies working together to introduce the service to various cities.

Consumers and businesses in certain American cities are being targeted by Nokia and LevelUp to help to encourage them to use mobile payments for some of the more routine transactions that are being made. The service works when a consumer signs up for the service and links a debit or credit card to the account. Then, when he or she makes a purchase at a participating merchant’s store (where the terminals are available) the app is loaded on the smartphone and a QR code is generated. This is scanned by the terminal and the associated card is billed.

This mobile payments system can also be used to allow consumers to collect loyalty rewards.

According to Matt Kiernan from LevelUp, the mobile payments service is very quick and easy to use. He stated that the average transaction through the service takes about 9 seconds to complete. Comparatively, the average traditional credit card transaction will usually take up to 15 seconds, while a cash transaction averages around 20 seconds.

The two companies in the partnership are hoping to point out that both consumers and businesses can benefit through the use of the service. This is especially true for the combination of the loyalty campaign option into the mobile payments so that the points or rewards can automatically be recorded into the appropriate account.

According to LevelUp, its processing fee has a flat rate of 2 percent, which is lower than the average fee for traditional credit card processing. It also stated that it allows companies to monitor the success of their mobile payments campaigns so that they can see the data related to their spending and activity of their customers. This can help companies to run future campaigns that are better designed to promote specific behaviors among their customers based on past successes.