1 . What is PayQuick?

PayQuick is a fast payment service for shopping in the biggest supermarket in UK — Tesco. It allows you to add your credit or debit card details to the app so you can use your smartphone to pay for your shopping with just one scan, which means you can go wallet-free in all UK Tesco stores.

What are the benefits?

●Collect your Tesco points automatically

●Pay for your weekly shopping up to £250

●Use PayQuick offline, even with no signal

●Track your spending in Tesco

However, only one qualifying deal per week will collect the extra Tesco points. Additional payments in the same week won’t receive extra points. Tesco points will be added to your future Tesco points statement.

How to get your PayQuick?

Available to new customers who sign up by 3^rd March 2024, the PayQuick app can be downloaded from the App Store or our official website. Once you have the app on your phone, register your personal details on the app to get an account. Note that for each customer, only one account is allowed and a family shared account will not be acknowledged. Finally, with all the preparation work done, you’ll be ready to shop using just your phone.

Plus, there’s no need to worry about your bank details being stored on your phone — they’re all securely protected in our data centers. So not only is it quicker and easier, it’s safer than going shopping with your wallet as well.

3 . What is PayQwiq?

PayQwiq is a fast and secure payment service that helps you go quickly through the Tesco checkout. It lets you add your credit or debit card details to the app so you can use your smartphone to pay for your shopping with just one scan. Not only that but it collects your Clubcard points automatically. This means you can now go wallet-free in all UK Tesco stores. So why not give it a go? It only takes a moment to download and you will receive these benefits:

Collect your Clubcard points automatically

Pay for your weekly shop up to £250

Use payQwiq offline, even with no signal

Track your spending in Tesco

Sign up to PayQwiq and collect 100 extra Clubcard points for each week you pay with the app, for up to 5 weeks—that’s up to 500 extra points.

Available to new customers who sign up by 3 September 2018 and make all payments by 31 October 2018. One offer per customer. Only one qualifying deal per week will collect the extra points. Additional payments in the same week will not receive extra points. Clubcard points will be added to a future Clubcard statement.

How does it work?

Head to the App Store or Google Play to download the PayQwiq app. As soon as you’ve added your card details, you’ll be ready to shop using just your phone. And there’s no need to worry about your bank details being stored on your phone—they’re all securely protected in our data centers. So not only it is quicker and easier, it’s safer too.

5 . Lawmakers in New Jersey recently advanced a bill that would ban businesses from going cashless — a move that would make the state different from the global trend toward electronic payments but would strengthen resistance from local officials who see no-cash policies as unfair.

Almost l of 3 Americans in 2018 say they don’t use cash during a typical week of purchases,   according to a Pew Research Center study released this week. The findings reveal that Americans are becoming less reliant on paper currency, which occurs similarly in Sweden, India and China.

But state and local officials say that restaurants and shops that adopt cashless policies have left some members of the community behind — individuals without the means to open a bank account or who lack access to lines of credit or the mobile apps that power digital payments.

The New Jersey measure, which would apply only to face-to-face sales and would exclude Internet and phone purchases, comes as officials push similar efforts to bar no-cash rules in New York, Philadelphia and the District.

While cashless policies offer consumers the promise of convenience and provide businesses greater protection against theft and dishonest record-keeping, they also can shut out low-income consumers or undocumented immigrants, critics say.

“Cash-free businesses are unfair by design and pose challenges to low-income communities that may not have access to credit/debit, ”New York City Council member Ritchie Torres said on Twitter last month when he introduced a bill that would ban the practice.

According to the Pew study, the decline in the use of physical currency is not following a regular pattern among the population when race, age and income are accounted for.Pew found a significant gap in cashless adoption tied to annual household income, with adults making at least $75,000 more than twice as likely to make all their purchases without using cash in a typical week,   compared with people who make less than $ 30,000.

The Pew findings suggest that the benefits of going cashless may come with a cost that only some groups of people will bear. Americans with lower incomes are roughly four times as likely than higher earners to make all or almost all of their purchases with cash, according to the study.

As CNBC has noted, business leaders have defended cashless policies by pointing to higher security and improved customer service and efficiency, even as they acknowledge their critics. Some advocates have focused on providing people who are underserved by the traditional banking system with more affordable options, attacking the root cause behind the criticisms of cashless payments.

7 . When you make an order on Taobao, you know the money you pay doesn’t go directly to the seller. Instead, it goes through Alipay (支付宝), which keeps your money for a while. Then Alipay gives the money to the seller.     1    . It is a transfer (中转) station between sellers and buyers to make online shopping safe. Buyers needn’t worry about paying for products and then receiving nothing. Sellers also don’t worry about receiving no money after sending out products. These transfer stations are usually set up by payment service companies such as Alipay, Tenpay (财付通) and Yeepay (易宝).     2    . It has more than 270 million active users.

Most online sellers and shoppers like the third party online payment, but banks are not happy.     3    . Users can benefit from financial products through Alipay and make money. So lots of people choose to put money in Alipay rather than in banks.     4    . WeChat doesn’t have its own account. When paying through WeChat, the buyers’ money goes directly to the sellers. That’s why so many people are excited about receiving and handing out “red envelopes” or “gift money” to their friends on WeChat.

Whether Alipay or WeChat payment, they are both trying to attract more users and make online shopping easier. Both payments have made the best of QR code (二维码) technology.     5    . Maybe in the future, your face is the key to everything.

9 . As the pandemic continues to influence consumer behavior, the use of non-plastic payment methods is rising. But does this spell the end of the plastic credit card era?

Since the first Diners Club credit card was unveiled in 1950 much has changed. Recent technological developments and in-store consumer preferences could suggest times are changing. For some years now, various founders of financial institutions, as well as industry experts, have foreseen plastic credit cards or any other means of physical payment methods including cash will not be around much longer. They based their predictions on the light-speed growth of digital payment.

At the beginning of the global pandemic, governments took measures to protect their citizens, leading to lockdowns of varying degrees. The fear of contracting the virus through high-traffic ATMs and the refusal of merchants to accept cash can only be seen as a great addition to an already declared war on cash. Meanwhile, the urgency to spend a minimum time period in stores in order to avoid interactions led consumers towards digital solutions.

Furthermore, options like QR codes (二维码), NFC, and PINs have been around for a while but a true market breakthrough seems to only have happened since the beginning of the pandemic. According to Worldpay, without these telecommunication innovations, the shift in people’s payment behavior is out of the question. 86% of contactless adapters built into smart devices have seen themselves proceed with contactless payment. This trend will help to wipe out cash and plastic credit cards.

From a different perspective, countries like France, Italy, and Germany had almost 150 million smartphone users in 2019 alone. And it’s been reported that 80% of the transactions (交易) will be done via Internet-backed devices by 2025. And this figure will keep rising as more and more cheap smartphones are pouring into the global market. It is expected that e-wallets are going to be the most preferred payment method by then.

So, will there be a comeback for our beloved plastic spending power? I would put away my cash and plastic cards, switch on my phone instead of inserting cards, and present QR codes at a self-checkout instead of queuing behind a mass of people. I believe that many people think the same way.