UnionPay, Vietnam to simplify cross-border payments

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CHINA’s UnionPay International and the National Payment Corporation of Vietnam (NAPAS) have signed an agreement to deepen collaboration on cross-border payments through QR codes, reports Caixin.A QR code is a type of two-dimensional matrix barcode, invented in 1994, by Japanese company Denso Wave for labelling automobile parts. It features black squares on a white background. This allows digital wallets of local users to operate on each other’s payment networks, making life more convenient for...

https://www.seanews.com.tr/unionpay-vietnam-to-simplify-cross-border-payments/201541/

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