Scanners and Barcodes Used in Mobile Payment Schemes

Scanners and barcodes used in mobile payment schemesA new payment scheme will now allow consumers to pay for their purchases using their smart phones. The payment scheme uses barcode scanners that links the smart phones with the merchants’ cashiers.

In a shopping demonstration, a shop cashier used a barcode scanner that reads the barcode on the consumer’s phone screen then the consumer pressed a button on their mobile phone to confirm payment. This type of payment requires users to install a payment program on their smart phones that generates a barcode that contains the users Alipay account data on its screen. The store scanner then reads the barcode and relays it to the store’s computer system. Funds are transferred when the consumer verifies the payment.

Smart phones that uses Android, Symbian and Apple systems support the payment program, with around 80 banks supporting fund transfer using this type of payment solution with transactions only taking around 20 seconds.

A risk control systems is also applied with the payment scheme using a password. Any purchases above 200 yuan will require the consumer to type in their password. This risk control is used to facilitate shop owners that don’t have POS payment systems.

Comments are closed

The Contributor

Follow me on twitter: TriaSasin

    Connect with Jasmin:
  1. - Email: Click here

Have Your Say!

What is the BEST investment over the next 5 years?

View Results

Loading ... Loading ...

  1. Etienne Ducrot: Hi, I’m interested to contact this Foundation. Do you know how? Thanks. Etienne
  2. Emma: Hi Jasmin, I’ve read your article about a new medical center opens in Nanshan at the end of this month....
  3. sherry lee: A simple story with great words…I love it.
  4. Evangeline: Awesome piece!
  5. Glenda: Hi there, I enjoy reading through your article post. I wanted to write a little comment to support you.