In this week’s roundup of news from around the payments industry, Alipay has a new American partnership and the Bank of Thailand gets closer to launching QR codes.
Alipay announced a new partnership with recommendation service Yelp. It will enable Chinese tourists in four American cities – New York, Los Angeles, Las Vegas and San Francisco – to view local information, reviews and recommendations from Yelp within their Alipay app.
U.K. drivers aren’t keen to pay by phone for parking just yet. The British Automobile Association recently released a survey of its members’ preferred ways to pay for parking. Seven out of 10 drivers said they would pass up a parking space that required them to pay with a mobile app rather than cash. Despite an overall preference for cash, 64% said they often struggled to find the right amount of change to park. More than half of respondents said they didn’t care how they paid, as long as it was easy.
According to a story in the Bangkok Post, the Bank of Thailand is planning to launch its standardized QR code by the end of this month. Mastercard, UnionPay and Visa announced the introduction of the standardized code into Thailand in May.
Introduction of the QR code capability is part of the Thai government’s effort to promote a digital economy.
African Business Review reports that payment facilitator PayU has launched PayU Subscription. Through the service, which uses tokenization, merchants can enable card-based recurring and subscription payments, the story said.
The National Retail Federation said that small merchants are catching up with large ones in the transition to chip cards. Its survey of smaller retailers found that 70% of them either had the readers installed or expected to by the end of July. The organization said it expected that number to reach 81% by the end of the year, compared to 99% of mid-sized and large retailers who planned to be equipped with the readers this year.