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HIPS Launches QR Payment Technology to Enhance Payment Options

By CIOReview | Friday, December 4, 2020

HIPS Payment Group Ltd. introduced a QR payment technology that can improve the payment options allow European merchants to go terminal-free.

FREMONT, CA: HIPS Payment Group Ltd. is a provider of advanced and cost-efficient e-commerce mobile payment solutions. Recently, the company has announced the launch of its QR Payment technology for terminal-free payment options.

Hips QR can simplify the payment acceptance of agile businesses as it requires only the QR payment stickers. It is easy to install the QR anywhere on Hips' Global Payment Network so their clients can instantly start accepting ApplePay, Google Pay, Visa, MasterCard, PayPal, China Union Pay, Swish, Vipps, AliPay, WeChatPay, and many others.

"Although QR codes are already being widely used for payment in Asia, this is the first time it has been offered as a non-proprietary payment technology in Europe. With Hips QR, merchants will have the ability to accept all the most popular payment methods in the physical world without the requirement of a POS terminal for the merchants or any annoying app downloads for the payer," explains John Cavebring, Hips CEO.

Hips' clients can quickly and continuously receive payments for sales made through Hips QR. While the technology can be utilized almost anywhere, starting from car parks to golf courses, taxi fleets in Scandinavia and the UK also have an immense interest. One of the first taxi organizations securing their fleet from COVID-19 exposure with the help of Hips contactless QR payment is Scandinavian Taxi in Norway.

"Since a QR payment code is merely a sticker, we simply slap it on the car, and it is ready for contactless payments. It also gives us extra alternative payment methods desired by the taxi companies in Norway like PayPal and Vipps," said Staale Reisen, Group Director of The Payment House AS. The Payment House is a Hips-enabled ISV in Scandinavia and the UK in the taxi vertical and responsible for the rollout of the COVID-safe Scandinavian taxi cars in Norway.

According to Hip's research, the demand for contactless payments has increased across every market sector. Almost half of the British, French and German respondents have admitted to utilizing contactless payment methods more often today than before the spread of Covid-19. Nearly three-quarters are planning to continue with contactless payments even after the emergency. As Covid-19 engrossed the world, this payment process was seen to increase the strength of measures and restrict the virus's spread.

"The world we live in has changed irrevocably. One of the payment trends that has been accelerated during the pandemic is the move towards contactless. While already popular in Scandinavia, it has been rapidly adopted now in all four corners of the globe. It is our belief that payment via a QR code like that provided by Hips could be as ubiquitous in the future as paying via a credit card," adds Cavebring.