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January 4, 2019

Inspiry introduces QR-code payment terminal in Sydney

Inspiry, a Chinese mobile payment solution provider, has launched its self-service QR-code payment terminal dubbed Inspiry Smart Box in Sydney.

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The terminal has already been installed at the city’s shopping malls, supermarkets, restaurants, cafes and jewellery shops.

To make a transaction through the Inspiry Smart Box, users need to scan the QR-code generated by their smartphones.

Inspiry International COO Gao Zilong said: “In addition to serving the Chinese residing in Australia and Chinese visitors who prefer QR code payment, Inspiry also aims to help boost the development of Australia’s payment industry with Chinese offline mobile payment solutions.”

“As an easy-to-deploy, easy-to-use and efficient solution that costs the merchant little to install, mobile QR code-based electronic payment connects online and offline mobile internet services, offering huge potential for added value services to local businesses,” Zilong added.

The launch of the new payment terminal in Sydney is said to be indicative of Australia’s rapid growth in the mobile payment space.

Australia ranks as the sixth largest country across the globe in electronic payment adoption, according to data from the country’s central bank.

At the same time, cash transactions were found to decline in the country.

In 2007, cash transactions constituted 69% of consumer payments in the country. In 2016, the same accounted for 37% of the country’s consumer payments.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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