e wallet qr code Systems Around the World

In Japan, the most popular e-wallet QR code system is Suica, which allows users to make payments at over 7 million locations.

Suica has been widely adopted in Japan, with over 30 million users.

One of the key features of Suica is its ability to integrate with other payment systems, making it a convenient option for travelers.

In India, the Paytm e-wallet QR code system has been a game-changer, with over 300 million users and a wide range of payment options.

Paytm has also expanded into other areas, such as mobile recharges, bill payments, and even investments.

In China, WeChat Pay has become a dominant force in the e-wallet market, with over 1 billion users and a wide range of payment options.

WeChat Pay has also integrated with other services, such as ride-hailing and food delivery, making it a one-stop-shop for daily transactions.

eWallet QR Code is a type of barcode that stores information as a series of pixels. It's a popular way to request payment from a customer through mobile payment, especially in East Asian countries like China, where WeChat Pay and Alipay are extremely popular.

QR codes payments are a cornerstone of superapps, and they allow for speedy bill payment. For example, when a customer scans the merchant's QR code, funds are deducted from their account in near real-time.

Many eWallets use QR codes to facilitate payments, including Kakao Pay in South Korea, LINE Pay in Japan, and GrabPay in Malaysia. These superapps are designed to be all-in-one solutions that allow users to carry out a range of actions they'd normally need several individual apps for.

The basic QR code structure is always a square, because it mirrors the grid of the board game Go, which inspired its creator Masahiro Hara. Its popularity exploded in 2017, when Apple enabled the iPhone camera to scan QR codes.

SGQR is a unified QR code payment system launched in Singapore, which combines multiple QR codes used by multiple payment services into one QR code. This scheme is co-owned by MAS and IMDA.

You can initiate a QR code payment from a terminal, POS app, or barcode scanner. There are different methods to initiate a payment, and each has its own steps.

To initiate a QR code payment from a terminal, you need to make a payment request, select the QR code icon, and choose the wallet app to use. The terminal will then show a QR code on the display.

From a POS app, you can initiate a QR code payment by asking the shopper which wallet app they will use, making a payment request, and specifying the wallet app in the request. This will show an Alipay QR code on the terminal display.

If you have a barcode scanner, you can initiate a QR code payment by scanning the shopper's QR code, translating the QR code data into a numeric value, and passing it in the payment request.

Here are the initiation methods summarized:

Each initiation method has its own unique steps, but they all result in a QR code payment being processed.

ASEAN has an integrated QR code payment system that allows users to make transactions with banks or e-money that support their local QR code payment system in any of the participating countries.

Four countries are currently connected to this system: Indonesia, Malaysia, Singapore, and Thailand. The Philippines are also planning to integrate their QR payment systems.

In Malaysia, QR code payment is becoming increasingly popular for transportation services, with KTM ETS and KTM Komuter Northern Sector, KLIA Ekspres, and Penang Ferry Service all offering QR code payments to passengers.

Indonesia has adopted a QR code payment system in the transportation sector, with Jakarta's MRT and TransJakarta bus systems supporting payment via QR code Indonesian Standard (QRIS).

China is a country where mobile payment apps have become an integral part of daily life. Most metro systems, buses, and taxis in Mainland China accept either WeChat Pay or Alipay for payment.

You can even use these apps to pay for your train tickets on China Railway, the national railway operator.

In Mainland China, these two major apps have become the norm for making payments on public transportation.

In India, the Mumbai Metro has introduced a convenient ticketing system using QR code payments. Users can purchase a ticket on their phones by generating a QR code on the Paytm app.

This system replaces traditional methods like swiping an RFID card or using a single-use token. The QR code is then read by a scanner mounted on the turnstile, allowing for easy and contactless payment.

The use of QR code payments has streamlined the ticketing process in India, making it faster and more efficient for users.

The ASEAN Integrated System is a game-changer for regional trade and commerce. It allows people to make transactions with banks or e-money that supports their local integrated QR code payment system in any of the participating countries.

Currently, four of the QR code payment systems in ASEAN are connected: Indonesia, Malaysia, Singapore, and Thailand. The Philippines are also planning to integrate their QR payment systems.

One of the key benefits of the ASEAN Integrated System is that local currencies are used in these transactions, so you can pay in rupiah in Indonesia and receive baht in Thailand without any exchange rate issues.

The system is designed to be convenient and secure, making it easier for businesses and consumers to conduct transactions across borders.

In Malaysia, for example, QR code payment is becoming increasingly popular as a convenient and secure way to pay for transportation services.

Using an e-wallet QR code offers numerous benefits, including low equipment costs. You can start accepting payments with minimal investment, as all you need is a smartphone and a QR code-enabled app.

One of the most significant advantages of e-wallet QR code payments is the simple payment experience they provide. This convenience is fantastic for both you and your customers, leading to happier customers, more conversions, and more revenue.

With e-wallet QR code payments, you can easily collect additional data from customers, such as their email address and phone number. This can be useful for marketing purposes, like sending digital receipts or opt-in messaging.

Here are some common ways to earn cashback using e-wallet QR codes:

Using QR codes for payments has several benefits. It's a faster payment method than traditional swiping a card and entering a PIN code on a physical reader.

Low equipment costs are a major advantage of QR code payments. Unlike credit and debit cards, which require standalone card readers, QR code payments require very little specialized equipment. Often, all you need to do is download an app.

QR code payments are also simple and convenient. They enable a stress-free customer experience, and the good thing about using a smartphone is it typically has built-in authentication methods such as fingerprint scan, face scan, one-time passcode generation, or passcode lock.

With QR code payments, you can easily collect data from your customers. Since they're already on their smartphone, you can request extra data such as email address and phone number, which is great for marketing messaging opt-in or sending a digital copy of the receipt.

Improved security is another benefit of QR code payments. All payment information is encrypted, and there's no need to store personal information from your customers in order to complete the transaction.

Here are the main benefits of QR code payments at a glance:

Cashback is a great way to earn rewards on your purchases. You can receive cashback through various channels, including online banking, DuitNow Transfer, and other e-Wallets.

Setel cashback is one of the options available, offering a convenient way to earn rewards. Vouchers are also a form of cashback, providing discounts on various products and services.

You can even earn cashback through credit and debit card transactions, including Auto top-up. Government incentives credits are another way to receive cashback, providing additional benefits to eligible individuals.