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Global QR Code Payments Market: 2025-2029 Full Research Suite

Publisher Juniper Research
Published Feb 10, 2025
Length 109 Pages
SKU # JNRH19878047

Description

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.

Table of Contents

109 Pages
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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