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Tencent and state-owned UnionPay to merge QR code systems for mobile payments in China

Currently, merchants have to offer different codes for each payment service.

2 mins read

The company also announced a partnership with ’s biggest pawnshop Pegadaian.
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Indonesian wallet Ovo hits one billion transactions in 2019
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Last year Zoomcar was in talks with Drivezy for a merger that didn’t materialize.
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Luckin also revealed that it has surpassed Starbucks in the number of physical stores in China.
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Grab currently has 50 cloud kitchens across Southeast Asia.
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Mumbai-based Testbook has raised USD 8.3 million from Iron Pillar.
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Indian edtech startups begin 2020 on a high note
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Grab will face competition from Gojek that will also launch a similar service in Malaysia this month.
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Grab officially launches GrabBike pilot in Malaysia
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The central bank charges a 0.7% fee for regular merchant transactions using QR codes.
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Indonesia’s QR code standardization is taking effect this year, payment providers not threatened with fees
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