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Japan – More and more businesses are introducing cashless payment services via smartphones, with quick, easy methods such as scanning QR codes encouraging the spread of these payments. However, the field is getting crowded, which will lead to various issues.
Payment systems using QR codes are essentially the same among their various providers.
At the cash register, the customer tells the cashier which service they want to use and opens the corresponding app on their smartphone. A QR code and a bar code are displayed on the screen.
The clerk scans the QR code or bar code with a terminal, and two or three seconds later a message arrives on the smartphone containing such information as the amount paid and the name of the store. This completes the payment.
Users register such information as a bank account or credit card number with the app. In the case of a credit card, payment is made later; with a bank account the purchase amount is immediately deducted.
The smartphone payment services that are increasingly popular these days read such things as QR codes and bar codes. With these systems, business establishments can complete payments with a smartphone or tablet terminal and the bar code reader attached to a cash register, so there is no need to have specialized terminals.
Source and full English article: The Japan News
http://the-japan-news.com/news/article/0005565471
#Smartphone #Business #Shopping #QRCode #EnglishNews #Gojapan
