Central Banking

QR code payments pave way for borrowing – BIS paper

Ant Financial

Chinese firms that allow their customers to pay using quick response (QR) codes are subsequently more likely to be able to access credit, research published by the Bank for International Settlements finds.

The study explores financial services offered by big tech firm Ant Group, which offers merchants QR code-based payment systems and lines of credit. Authors Thorsten Beck, Leonardo Gambacorta, Yiping Huang, Zhenhua Li and Han Qiu tap into a database of around 500,000 Chinese firms that use QR

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