Teng Hongyuan, a Japanese company called Denso Wave, invented the two-dimensional code in 1994, and Xu Wei in 2011 filed for the 'two-dimensional code to sweep the patent', and it is precisely this shift that opened up the momentum for the development of two-dimensional code in the country.
China's mobile payment application scenario has seen an explosion of popularity and is even called one of the "new four big inventions." According to iResearch, as of the end of 2016, China's third-party mobile payment reached 38 trillion yuan 5.5 trillion U.S. dollars), 50 times that of the United States. Seeing the two-dimensional code in such a successful domestic development, Japan is also very anxious, according to "Nihon Keizai Shimbun," reported that, NTT docomo will be available from April 2018 using two-dimensional code settlement services.
In addition to NTT Docomo, Japan's Big Three Banking Group plans to finalize a specific cooperative settlement of QR code by the end of March. The estimated development cost is in the order of billions of yen, and the overall use of the environment is a reference to the domestic model.
