Tencent, UnionPay Agree On QR Code Standard To Streamline Mobile Payments
PYMNTS
JANUARY 8, 2020
Regional rival Alipay interacts with its customers with a similar, but not integrated software system. Tencent and UnionPay will also work together to develop a compatible way to utilize facial recognition technology in their respective mobile payment systems. The collaboration also increases options for consumers.
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