Confounding to most in the west, China's QR code payment systems are growing spectacularly. So much to learn in the US. Huge opportunities.https://twitter.com/techmeme/status/869364209506758656 …
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Replying to @BrianRoemmele
So dismissive in the west, but growing like wildfire in China. Reached a tipping point that is still way off in the West
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Replying to @paulof77 @BrianRoemmele
QR codes unquestionably more efficient means to build merchant acceptance, from low base, in developing markets. Developed markets? Unlikely
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Replying to @jamesplloyd @BrianRoemmele
Agree, but there is a snobbishness about them. So many POS offerings in west overly hi-tech & add complexities to back end systems etc.
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Replying to @paulof77 @BrianRoemmele
For sure. Interesting how the card schemes - having long been dismissive - are now coming around (India, Thailand, etc.)
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Replying to @jamesplloyd @BrianRoemmele
Alipay strategy in AU is interesting . Showing up in pharmacies near tourist hubs for folks buying vitamins etc before heading home.
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Direct quote on that from a merchant was "we sniggered, but it is a winner. They find out about us on the app"
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Paul, wow! The discovery aspect is a new layer of expansion. Did not know this. Thank you.
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