Southeast Asian countries prep QR code payment interoperability
The central banks of five major Southeast Asian countries are working to link up their QR code-based payments systems, according to Bloomberg.
How Does QR Pay Work? | A Look Into
You know what it is and how to Duit. Now we explain how it works. A big thanks to Wilson Low, CEO of MBack Pay for his insights on the Malaysian QR Pay industry!
Further reading & sources:
Going Cashless Faster with QR Pay:
Magic of QR Codes:
Who Invented QR Codes and Why?:
Simple Mobile Payment:
Process of Credit Card Transactions:
https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/services/digital_banking/maybank_qrpay.page?utm_source=youtube &utm_medium=organic &utm_campaign=vb-181001-qrpaysustenence
SWIFT – Payment System
https://www.bnm.gov.my/index.php?ch=ps &pg=ps_adoption &ac=590 &lang=en
Be Warned Before QR Scanning:
How Safe Is The QR Payment?:
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QR Code Merchant Payments: A growth opportunity
Learn about the technical flows of push vs pull QR code payments and their implications, comparison between different qr code specifications, the importance of device affordability for QR code payments in emerging markets, lessons from China and other parts of the world where QR code solutions have gained traction, security and risk management elements related to QR codes – and much more.
Access the research: https://www.gsma.com/mobilefordevelopment/resources/qr-code-merchant-payments-a-growth-opportunity-for-mobile-money-providers/
Why Every Business Should Offer QR Code Payments to Customers
Arguably one of the best commercials of the Super Bowl this year involved nothing but a bouncing QR code. The unique concept gained so much attention that the site crashed with so many page viewers. But how did nothing but a square on the screen get so many people to a website in a matter of seconds?
By using a QR code, people used their smartphone cameras to scan the square which took them to the site. It seems like these QR codes are everywhere because of how many uses they have. Yet there’s one convenient option that’s gaining popularity, and that’s payment.
To understand why it’s useful to use QR code payment, you need to know what the heck this even is. You’re probably most familiar with using these codes to direct customers to your website. But they’re even more convenient than that. When these codes are used for transactions, they can work in several ways. The first involves the person scanning a code provided by your business using their phone’s preloaded camera app. This takes them to your website where they can pay what they owe. Another way to use these is with specific apps used by your business. With these platforms, the user has their own unique code. They then connect their profile to their bank account or payment card. For example, Walmart shoppers can download the retailer’s app and save their financial details to the “Walmart Pay” section. When they checkout at the store, they simply scan their QR code at the register.
These sound convenient, but there are even some easier options. With both of the methods I mentioned, there’s some extra effort involved for the business and the customer. If the QR code is linked to your website for payment, then you’d have to create a page dedicated to those transactions. For the customer, they’d still have to enter all of their payment details when they get to the site. Offering a unique code through your company app would mean that you need to integrate this functionality into the app. Or, you might need to make an app altogether if you don’t have one yet. And if the customer wanted to use this form of payment, they’d have to download your app first. The reality is that customers aren’t going to download apps of all the businesses they use.
Don’t worry: there’s still a convenient solution for both you and your customers. There are some platforms that customers can use at various locations since the app’s purpose is specifically for payment. For example, Venmo, PayPal, and Cash App all include a unique code for the user. These are commonly used for peer-to-peer payment. But now, businesses use them too. People who use these platforms connect their profiles to either their bank account or payment card. Businesses can then collect payment from them by simply scanning the user’s unique code. Or, your company can display a code that the users scan with their app. Either way, this allows your business to collect payment directly from the QR code on those platforms. These work similarly to the Walmart example I gave, but these apps are more universal since almost any company can use them.
So what’s the point of using these to collect money, versus traditional methods like swiping a credit card and paying with cash? QR codes for payment became popular during the COVID-19 pandemic. They offered a contactless method so people weren’t spreading germs by passing back cards and money. Banks began supporting options such as tapless credit cards. Almost half of consumers swapped out their top-of-wallet card for one that had tapless pay. But this isn’t an instant option for people who want to use contactless payment. They have to wait for their card to come in the mail, which in the early part of the pandemic was so delayed. QR codes offered a faster method. For many people, they could just use apps that they already had such as Venmo and PayPal. Because of its convenience, this technology has stuck. Now, people won’t worry if they forget their wallets since they can pay directly from their phones. They also don’t need to fuss with digging through their wallet or bag for their credit card. And it makes transactions faster when people can simply scan instead of going through all the prompts on a card reader.
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The Rights to Clean Air: A Look at Southeast Asia
Air pollution has been cited as the single greatest environmental health risk worldwide. In Southeast Asia, it is a pressing issue due to the daily health risks people face from continued exposure and its staggering economic costs. Furthermore, air pollution causes disproportionate effects on marginalized sectors of society. Poor communities are particularly vulnerable. Older and ailing people, as well as children, are at greater risk. Furthermore, air pollution and climate change are interconnected threats that threaten the health and livelihood of local communities. With recent developments, the right to breathe clean air has brought about enforceable state obligations. It unlocks obligations to protect people, especially vulnerable groups. It is thus essential to ensure that legal principles upholding the right to clean air are operational by strengthening law and policy across the region and within national jurisdictions in Southeast Asia.
Objectives: This webinar will bring together experts, relevant stakeholders, and vulnerable groups in the field of air pollution from across different countries within Southeast Asia. Specifically, the event seeks:
1. Examine potential legal, policy and community-based actions to create collaborative approaches across different country stakeholders.
2. Promote an exchange of ideas and solutions for policy development to address air pollution.
3.Explore the intersection of air pollution to human rights and develop national capacity for policies to improve air quality.
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