FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Chinese Tourism May Bring QR Codes Mainstream in the U.S., U.K.

Grace NotobyGrace Noto
October 5, 2017
in Payments
Reading Time: 2 mins read
0
Share on Facebook

EXCLUSIVE— Will the popularity of the QR code in China eventually make its way to the United States, the United Kingdom, and other Western markets? It could, with a little push from Alipay.

The mobile payment service, which uses QR codes at the point-of-sale, has been increasing its partnerships with U.S., U.K., and European merchants to keep serving its large base of Chinese users, such as its recent expansion with fintech payments company Adyen.

The expansion was announced this week, and makes Alipay a method of payment at all Adyen merchants. This, alongside some of Alipay’s other partnerships, also effectively means that more and more merchants and services are adopting the capability to accept QR codes for payments.

“The customer will go to the [Ayden] store, they will see that the store accepts Alipay, there will be a QR code generated, and then the cashier will scan that code. It’s no different to what [the consumer] does in China,” Souheil Badran, president of Alipay, Americas, told Bank Innovation. “This is something that 520 million Chinese consumers do everyday.”

That familiarity offers quite an opportunity for foreign merchants willing to accept Alipay (and QR codes) in their stores, said Badran, especially given the spending power of Chinese tourists, who spend approximately $300 billion abroad every year.

The timing of the company’s Adyen expansion, announced this week, is no coincidence: this also happens to be “Golden Week,” a seven day holiday in China where many choose to take vacations abroad.

All of this means that for foreign merchants, there are plenty of benefits and few downsides to accept QR codes, especially if a payment provider such as Adyen is integrating the QR reader into their POS terminals anyway. For Adyen merchants, Alipay will simply appear on  the screen as a payment option next to others like Mastercard and Visa, resulting in almost zero work for that merchant. The company serves about 4,500 businesses across the globe.

Integrating QR acceptance into a POS system is also a lot easier than integrating another method like NFC, at least according to Robin Ghandi, SVP of acquiring and partnerships for Adyen.

“The benefit of a QR code is that it’s easy to deploy, because the consumer doesn’t need an NFC device and the merchant doesn’t need to have an NFC terminal,” Ghandi told Bank Innovation, adding that “a lot” of the growing acceptance of QR in the west is “being driven by the [Chinese] consumer.”

That’s not to say NFC won’t have its place, especially in geographies like the U.S. and the U.K.

“There was a time, when NFC had started, that people said QR is more of a stop-gap,” Ghandi said. “But what we’ll see is a mix of NFC and QR, with contactless payments and QR existing side by side.”

Tags: AdyenAlipayant financialChinese fintechsExclusivemobile paymentsNFConline paymentspoint of saleQR codes
Previous Post

Ethereum Hard Fork Will Encrypt Transactions, Could Boost Wall Street Acceptance

Next Post

Why the Crypto Community Is Waiting for Casper

Related Posts

RBC building in Toronto
Payments

Francisco to buy payments firm Moneris from RBC, BMO for $1.4B

August 11, 2026
Interior of a Cloudflare office building with signage
Payments

Nonhuman traffic surpasses human traffic on Cloudflare network

August 7, 2026
block cash app
Payments

Block ships more than 130 features in H1 2026, up 3X YoY because of AI

August 6, 2026
Next Post

Why the Crypto Community Is Waiting for Casper

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account