China's QR codes changing the way young people perceive money

QR codes are "changing social behavior" in China, according to a new story published on the South China Morning Post. As a payment technology, QR codes are going through a renaissance in mainland China, where mobile payments are now 50 times greater than those in the US. Mobile payments in the States have reached $112 billion last year, the report states, calling on a Forrester Research report. A single QR code is capable of storing 300 times more data than a traditional one-dimensional code. iResearch claims payments made via mobile devices in China reached 38 trillion yuan. "China has started… [Continue Reading]