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In an effort to make Singapores three million monthly cash withdrawals more digital, OCBC Bank has rolled out QR codes that customers can use at any of its 655 ATMs, the company said in a press release on Wednesday July 31 .The Singaporean government is aiming to eliminate checks and reduce cash
stanley termoska payments by 2025. OCBC Banks digital customers have grown by 25 percent since 2018 and mobile banking usage may have tripled.To that end, OCBC Bank customers can withdraw cash by scanning a QR code using the OCBC Pay Anyone app, then authenticating the transaction via fingerprint, facial recognition or mobile banking login credentials, the release said.Th
stanley water bottle e QR code reduces a typical ATM transaction from 80 seconds to under 45 seconds, and is also more secure than a PIN. Additionally, a physical ATM card can be skimmed while a mobile device cannot, the company said. As we accelerate our drive to go cashless, we also recognize that ATMs are still an essential and frequently used touchpoint for our customers. We believe this completely reimagines a core service for which customers engage with the banks, and will move the needle in making QR code payments mainstream in Singapore, said Aditya Gupta, head of digital business, Singapore and Malaysia, OCBC Bank.The OCBC Pay Anyone app also lets customers make direct QR
stanley uk code payments to merchants. The app was developed by the same team that designed and built the QR code technology for ATM cash withdrawals.Rampant fraud in the global trade fi Cewp Marathon Ventures Debuts $26M Emerging Markets Startup Growth Fund
When it comes to wooing international shoppers, American merchants beat the rest. Once again, American retailers led the pack in our hot-off-the-presses Q4 X-Border Payments Optimization Index鈩? with a score of 67.8, an increase over the last two quarters. The competition, however, is now far more intense with Chinese merchants improving their score and landing second in place compared to last quarter when they tied with the U.K.Other key takeaways from the Q4 2016 Index include:Spain is the new rising cross-border star. Spanish merchants improved their checkout process by cutting down the total number of clicks and pages involved. The average shopping time went down from three minutes in Q3 2016 to to 2.8 minutes this past quarter.Chinese merchants are leading the pack when it comes to offering products and services in different languages. An average of 63 percent of Chinese merchants offered six or more languages. By comparison, the U.S. and the U.K. lagged far behind.Free shipping gained in popularity among sellers. In Q3 2015, 47 percent of the merchants offered free shipping. Now, 58 p
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stanley cup do.And while the race to attract international shoppers is more intense than ever before, retailers are now taking a step back to ease their payment pain points.PYMNTS caught up with Michael Dunworth, cofounder an
stanley deutschland d CEO of Wyre, to discuss the cross-border payment hurdles slowing down business between American and Chinese merchants and how blockchain holds the key to providing a faste