Our latest QR Code Payments research suite provides a detailed analysis of the adoption and uses of QR code payments across the globe; enabling stakeholders such as payments providers, financial institutions and merchants to understand future growth, key trends and the competitive environment.
The suite includes several different options that can be purchased separately, including access to data that maps adoption and future growth of the QR code payments market. The research in this insightful study uncovers the latest trends and opportunities within the market, and provides extensive analysis of the 18 market leaders using a combination of quantitative and qualitative scoring criteria to provide vendor positioning for these key players, as well as 5-year market sizing and data forecasts analysing the different segments in QR code payments; volume, value, users and more. The coverage can also be purchased as a full research suite, containing all these elements, at a substantial discount.
Collectively, these documents provide a critical tool for understanding the rapidly evolving QR code payments market; allowing QR code payment providers and technology vendors to shape their future strategy. Its unparalleled coverage makes this research suite an incredibly useful resource for charting the future of such an uncertain and rapidly growing market.
KEY FEATURES
Market Dynamics: The report provides a comprehensive market assessment discussing key market trends impacting the effectiveness and value proposition of the QR code payments market, as well as an in-depth evaluation of the future growth of the market and readiness for further disruption. This enables readers to understand the critical innovations driving this market forwards.
Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and key findings within the QR code payments market, accompanied by key strategic recommendations for stakeholders including payment providers, financial institutions, super-app and messaging platforms, and more.
Benchmark Industry Forecasts: Provides 5-year forecasts for QR code payment activities including total users of QR code payments, total number of mobile handsets and average amount of QR code payments made per mobile handset per annum. Total volume and value of QR code payments, including splits between national and third-party schemes, and QR code payments in retail, transport, and P2P transfers.
Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 18 QR code payments systems vendors, via the Juniper Research Competitor Leaderboard.
Please note: the online download version of this report is for a global site license.
- 1. Key Takeaways and Strategic Recommendations
- 1.1 Key Trends
- 1.1.1 Apple NFC-enablement Challenges QR
- 1.1.2 A2A Payments Initiatives Drive Growth
- 1.1.3 West Europe is Growing Rapidly from Merchant and P2P Payments
- 1.2 Strategic Recommendations
- 1.2.1 Leverage QR Code Advantages
- 1.2.2 Advocate for the Development of Unified Standards
- 1.2.3 Imitate Strategies Embedded in Asia
- 2. Market Landscape
- 2.1.1 Introduction
- 2.1.2 Definitions & Scope
- Figure 2.1: An Example of a QR Code, Using the Commonly Seen Model 2 QR Format
- 2.1.3 History of QR Codes
- 2.2 Current QR Payments Landscape
- Figure 2.2: QR Code Payments Volume (m), Split by 8 Key Regions, 2025
- 2.2.1 Current Market Status
- 2.2.2 National QR schemes vs Third-party Schemes
- 2.3 Card Vendors in QR Code Payments
- 2.3.1 Visa
- 2.3.2 Mastercard
- 2.3.3 American Express
- 2.4 Key Trends & Drivers
- 2.4.1 The Normalisation of Cashless Societies
- 2.4.2 Accessibility of QR Codes as a POS Solution
- 2.4.3 From Featurephone to Smartphone
- Figure 2.3: Total Volume of Smartphones & Featurephones (m), 2017-2029
- 2.4.4 Expansion and High-growth Areas
- 2.4.5 Security Developments
- Figure 2.4: Secure Customer Authentication
- 2.5 Monetisation of QR Codes
- 2.6 Contactless Payments: QR Codes vs NFC
- Figure 2.5: QR vs NFC: Strengths & Weaknesses
- 2.6.1 QR Code Payments
- i. Strengths
- ii. Weaknesses
- 2.6.2 NFC
- i. Strengths
- ii. Weaknesses
- 2.6.3 Apple’s Third-party NFC-enablement
- 3. Segment Analysis
- 3.1 Introduction
- 3.1.1 Transport
- Figure 3.1: Total Value of Tickets Purchased via QR Codes ($m): 2024-2029
- 3.1.2 Retail
- Figure 3.2: Total Value of Retail Transactions, QR Codes ($m), 2024-2029
- 3.1.3 P2P Transfers
- Figure 3.3: The Total Number of P2P Transfers, (m)
- 3.1.4 eCommerce
- 3.1.5 Restaurants
- 4. Country Readiness Index
- 4.1 Introduction to Country Readiness Index
- Figure 4.1: Country Readiness Index Regional Definitions
- Table 4.2: Juniper Research’s Country Readiness Index Scoring Criteria: QR Code Payments
- Figure 4.3: Juniper Research’s Country Readiness Index: QR Code Payments
- Table 4.4: QR Code Payments Country Readiness Index: Market Segments
- 4.1.1 Focus Markets
- i. Widespread Integration
- Figure 4.5: Total Volume of QR Code Payments (m), 2024-2029 – Focus Markets
- ii. Government Initiatives
- iii. Mobile Payment Dominance
- iv. Cross-border Initiatives
- 4.1.2 Growth Markets
- i. National Payment Schemes
- ii. Integration with Popular Platforms
- Figure 4.6: Total Value of QR Code Payments $(m), 2024-2029 – Growth Markets
- 4.1.3 Developing Markets
- i. Fragmented Payment Landscape
- ii. Competition with NFC
- Figure 4.7: Total Value of QR Code Payments (m), 2024-2029 – Developing Markets
- 4.1.4 Saturated Markets
- i. Lack of Standardisation
- Figure 4.8: Total Volume of QR Code Payments (m), 2024-2029 – Saturated Markets
- ii. Less-developed Infrastructure
- Table 4.9: Juniper Research’s QR Code Payments Country Readiness Index Heatmap: North America
- Table 4.10: Juniper Research’s QR Code Payments Country Readiness Index Heatmap: Latin America
- Table 4.11: Juniper Research’s QR Code Payments Country Readiness Index Heatmap: West Europe
- Table 4.12: Juniper Research’s QR Code Payments Country Readiness Index Heatmap: Central & East Europe
- Table 4.13: Juniper Research’s QR Code Payments Country Readiness Index Heatmap: Far & East China
- Table 4.14: Juniper Research’s QR Code Payments Country Readiness Index Heatmap: Indian Subcontinent
- Table 4.15: Juniper Research’s QR Code Payments Country Readiness Index Heatmap: Rest of Asia Pacific
- Table 4.16: Juniper Research’s QR Code Payments Country Readiness Index Heatmap: Africa & Middle East
- 1. Introduction
- 1.1 Why Read This Report
- Table 1.1: Juniper Research Competitor Leaderboard: QR Code Payments
- Source: Juniper Research
- Figure 1.2: Juniper Research Competitor Leaderboard - QR Code Payments Vendors
- Table 1.3: Juniper Research Competitor Leaderboard for QR Code Payments - Ranking
- Table 1.4: Juniper Research Competitor Leaderboard Heatmap for QR Code Payments Vendors (Part 1)
- Table 1.5: Juniper Research Competitor Leaderboard Heatmap for QR Code Payments Vendors (Part 2)
- 1.1.1 Vendor Profiles
- 1.1.2 Alipay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.3 BharatPe
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.4 Google Pay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.5 Kakao
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.6 LINE Pay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.7 Maya
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.8 Mercado Pago
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.9 MoMo
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.10 M-PESA
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.11 PayPal
- i. Corporate
- Table 1.6: Notable PayPal Acquisitions Summary ($m)
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.12 PayPay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths and Development Opportunities
- 1.1.13 PhonePe
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.14 Rakuten Pay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.15 Revolut
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
- 1.1.16 stc pay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development
- Opportunities
- 1.1.17 UnionPay International
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development
- Opportunities
- 1.1.18 WeChat Pay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development
- Opportunities
- 1.1.19 Vipps MobilePay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research’s View: Key Strengths & Strategic Development
- Opportunities
- 1.2 Vendor Analysis & Juniper Research Leaderboard
- 1.2.1 Limitations & Interpretations
- 1.3 Related Research
- 1. QR Code Payments – Market Forecasts
- 1.1.1 Introduction
- 1.1.2 Methodology & Assumptions
- Figure 1.1: QR Code Payments Forecast Methodology
- Figure 1.2: QR Code Payments Forecast Methodology (P2P Payments Extension)
- 2. QR Code Payments Market
- 2.1 QR Code Payments Forecasts
- 2.1.1 QR Code Payment Users
- Figure & Table 2.1: Total QR Code Payment Users (m), Split by 8 Key Regions,
- 2024-2029
- 2.1.2 QR Code Payments Transaction Volume
- Figure & Table 2.2: Total Volume of QR Code Payments (m), Split by 8 Key
- Regions, 2024-2029
- 2.1.3 QR Code Payments Transaction Value
- Figure & Table 2.3: QR Code Payments Transaction Value ($m), Split by 8 Key
- Regions, 2024-2029
- 2.1.4 QR Code Payments Transaction Volume, Split by Scheme
- Figure & Table 2.4: QR Code Payments Total Volume (m), Split by Scheme Type,
- 2024-2029
- 2.1.5 QR Code Payments Transaction Value, Split by Scheme
- Figure & Table 2.5: QR Code Payments Total Value ($m), Split by Scheme Type
- 3. Peer-to-Peer
- 3.1.1 Volume of QR Code Payments that are Peer-to-Peer (P2P)
- Figure & Table 3.1: P2P QR Code Payments Total Volume (m), 2024-2029
- 3.1.2 Value of P2P QR Code Payments
- Figure & Table 3.2: P2P QR Code Payments Total Value ($m)
- 4. Retail
- 4.1.1 Volume of QR Code Payments from Retail Transactions
- Figure & Table 4.1: Retail QR Code Payments Total Volume (m), 2024-2029
- 4.1.2 Value of QR Code Payments from Retail Transactions
- Figure & Table 4.2: Retail QR Code Payments Total Value ($m), 2024-2029
- 5. Ticketing
- 5.1 Volume of QR Code Payments from Ticketing Transactions
- Figure & Table 5.1: Volume of Ticketing QR Code Payments (m), 2024-2029
- 5.1.1 Value of QR Code Payments from Ticketing
- Figure & Table 5.2: Value of Ticketing QR Code Payments ($m), 2024-2029
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