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• Reports out of the UK say that Tesco has begun the process of a national rollout of its PayQwiq mobile payments service, which allows people to both pay for items and collect loyalty points on their smartphones.

Marketing reports that "customers must sign into the PayQwiq app and choose the relevant card. A QR code will then be displayed for the cashier to scan. Clubcard points will automatically be added at the same time. Customers can spend a maximum of £400 per transaction."

• The Associated Press reports that McDonald's "plans to open 1,500 new restaurants in China, South Korea and Hong Kong as it looks to faster-growing markets to help drive a global turnaround. McDonald's said it is looking for partners to help finance that expansion. The company said it also will give local managers more decision-making power to respond to Asian customers."

McDonald's currently has 2,800 restaurants in China, South Korea and Hong Kong, most of them company-owned, not franchised.
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