QR codes

[VincentD]

The beggars in China have gone hitech and beg with a qr code.. and apparently Sweden issues a licence and qr code to beggars in a particular town..

[Nereus]

The difference, as far as I understand, by paying via qr codes is that the communication is directly between 2 banks. i.e. it's the bank's software that is doing the scanning, not some random individual.
Basically, one bank talking to another bank. When you're bank scans the payee's QR code, the payee's bank account is displayed for your confirmation.

No different than going into the bank and doing a transfer on paper and queueing.

So is there a fee charged by either end user for this BS?

[HHTel]

No.

In fact some retailers give you discount for paying via QR because they avoid any bank charges.

So it's not really BS is it?

[Nereus]

No.

In fact some retailers give you discount for paying via QR because they avoid any bank charges.

So it's not really BS is it?

Thanks for your answer, but it is still BS for me!

[HHTel]

BS:

It is mostly a slang term and a profanity which means "nonsense", especially as a rebuke in response to communication or actions viewed as deceptive, misleading, disingenuous, unfair or false.

[HHTel]

C'mon. It has to be a step in the right direction.

For the retailer: Doesn't have to deal with cash, it's in his bank in seconds, no need for the hassle of depositing cash, and no bank charges.

For the buyer: No need to find an ATM for cash, no manual cash transfer, no bank charges, no need to carry large 'ish' amounts of cash, the payment is exact with no worry of 'change'.

It has to be a win-win.

Edit:
And of course the advantages to the banks are obvious as everything is done electronically. Reduction of staff therefore reducing overheads. Ultimately could mean closure of some branches as has happened in the UK.

[Nereus]

Ultimately could mean closure of some branches as has happened in the UK.

I think that is already happening here also. Bangkok Bank have closed the one I use in a BigC Supercenter near me.

[Big Boy]

Personally, I have no problem with the technology. My worry is the Thai code behind it. We would hope even Thai banks have got it right, but I'm happier with cash at the moment.

[HHTel]

But the software behind banks and ATM's is not 'Thai Code'. It's XFS compliant which is an international standard. Therefore the software in the financial services is used all around the world and has to follow recognised international standards. If the Thai financial sector veered from that they would leave themselves vulnerable in dealing with the international community.

Thai software written locally for government ventures is another thing which has been demonstrated as 'not up to spec' multiple times.

[hhinner]

Personally, I have no problem with the technology. My worry is the Thai code behind it. We would hope even Thai banks have got it right, but I'm happier with cash at the moment.

I doubt very much that the underlying system code was developed in Thailand. Most likely done by foreign partners of each bank with some local customization. Not to mention Bank of Thailand certification is actually pretty strict. And there are also international standards that have to be followed.

If you feel you can't use a bank's phone app for payments and transfers then there's little point installing it. Presumably you didn't.

[hhinner]

HHTel - Yes.

[Big Boy]

If you feel you can't use a bank's phone app for payments and transfers then there's little point installing it. Presumably you didn't.

Correct.

[HHTel]

This is from June of 2021:

The study, which looks at payment methods conducted across 18 different markets globally, including those in Asia Pacific (APAC) region, revealed that 77 percent of people in Thailand perceive QR codes to be secure as compared to cash.

To put things into perspective, 67 percent of people in Thailand prefer cash while 82 percent are thinking of using QR codes.

https://sea.mashable.com/tech/15955/qr- ... n-thailand

An online survey by UnionPay International and Nielsen found that while cash is still the preferred method of payment for many Thai consumers, QR code scanning is also overtaking cash as the most popular online payment method.

According to relevant data, the number of digital payment transactions per person in Thailand will triple to 150 per person per year. The growth of digital transactions depends on the promotion of cashless payments such as mobile banking and QR code payments.

Pakee Charoenchanaporn, consumer Watch director at Nielsen Thailand, said 87% of respondents in the Union-Nielsen online survey used cash, while 75% used QR codes to make payments.

The data also found that 71 percent of respondents want the country to move towards a cashless society. At the same time, 61 percent of respondents said they were confident about life in a cashless society.

However, the majority of respondents believe it will take a long time for Thailand to achieve a completely cashless society, at least for 12 years.

https://www.yidascan.com/news/thailand- ... es-to-pay/

[pharvey]

Using your QR code with an ATM is to draw cash, similar to cardless withdrawal. It's not used for making payment. That is another option which as I've said before is really putting 2 banks in direct contact with each other. Transferring cash from one bank to the other. No different from other ways of paying bills from your account, only this way is easy and immediate.

Thanks HHTel - makes things a little more clear!!

[Nereus]

But the software behind banks and ATM's is not 'Thai Code'. It's XFS compliant which is an international standard. Therefore the software in the financial services is used all around the world and has to follow recognised international standards. If the Thai financial sector veered from that they would leave themselves vulnerable in dealing with the international community.

Thai software written locally for government ventures is another thing which has been demonstrated as 'not up to spec' multiple times.

NO software is yet written that is not completly secure from online hackers. Just about every week there are reports of "secure" systems being breached around the world.

But for me that is not the problem. What gets up my nose is the constant push to make everybody comply with "new" technology, regardless of whether they want to use it or not! A good example being such "social media" crap as "Line", and its ilks. Mention has been made of banks closing, which leads to more people out of work, without any concern for how society in general might be affected.

Yes, "progress", pushed by those in a position to gain most from it!