For Chinese users, new global standard for QR codes is good news

On July 15, EMVCo, an association facilitating standards in worldwide interoperability and acceptance of secure payment transactions, released QR code specification for payment systems, providing one of the first globally interoperable technical solution for QR code payment.

For Zhang Weili, 25, a sales representative with Shanghaibased Ailin Beverage Trade, this is good news as QR code payments will be popularized in other markets outside China.

"I am most comfortable with QR code payment, and I was a little bit surprised when I found that QR code payments, which have been dominating the mobile payment market in China, are not popular in some countries," said Zhang.