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Korean banks let consumers make ATM cash withdrawals and deposits with their smartphones using QR codes

NFCW

SCAN: Availability is being expanded from NFC on Android phones to QR Codes on all smartphones Consumers in Korea can now make cash withdrawals and deposits at ATMs by scanning a QR code with their Apple or Android smartphone rather than needing to use a physical bank card.

ATM 98
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The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

CHINA #1 China Merchants Bank China Merchants Bank Co., was established on March 31, 1987 and based in Shenzhen, China, specialising in delivering corporate and personal banking services. It concentrates on individual and corporate clients, credit card services, and small and medium enterprises.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Swipe fees alone are a $90B-a-year business for banks, card networks like Visa, and payment processors like Stripe. The company announced it would pass on the special card savings Amazon gets from card networks (because of the volume of purchases they can guarantee) to retailers that adopt Amazon Pay.