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Hong Kong is adding QR code payments to its subway stations [TechCrunch Blog]

Apple Inc. (AAPL) 
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Company Research Source: TechCrunch Blog
A new dispatch from our ‘QR Codes Are Very Much Alive In Asia’ reporting program: Hong Kong’s subway system will soon allow its commuters to pay by scanning QR codes thanks to a deal with Alibaba that was announced this week. The partnership — which is with Alibaba’s Ant Financial affiliate — will see scan-to-pay enabled at 91 MTR metro stations starting in mid-2020. Commuters will simply use Ant’s Alipay app to scan a code at the turnstile and then go on with their trip as usual. They’ll be able to top up their balance inside the app, as well as through traditional methods. MTR also covers rail, buses and more but it isn’t clear if and when this payment option will be extended beyond subways. Hong Kong already offers convenient cash-free payments using its Octopus card system, which has branched out from covering rides and can be used for purchases offline among many things. Octopus says that there are some 35 million active cards in circulation Show less Read more
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