QR Code Fraud Growing Fast in China

I am so very surprised:

a) This did not happen long ago.

b) China had adopted this so widely with AliPay and put everything into QR so readily given the risks / exposures that are starting to emerge here.

c) That there are still strong proponents of the QR code (anywhere).

It will be interesting to see if this is the beginning of the end of QR codes in payments now that the fraudster community has (finally) woken-up on the possibilities. It will be interesting to see how easily and how quickly the Chinese payments and AliPay in particular migrate to something else. My money is upon a world-class mobile solution.

In the interim, they ***may*** just limp along with a ‘closed-loop’ APP development that has limited execution of ‘QR code’ code.QRCode

For more information visit here.

This article was originally published by Bill Trueman at https://www.linkedin.com/pulse/qr-code-fraud-growing-fast-china-bill-trueman

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