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Global QR Code Payments Market: 2025-2029 Market Trends & Strategies

Publisher Juniper Research
Published Feb 10, 2025
Length 46 Pages
SKU # JNRH19878198

Description

This report examines the QR Code Payments market landscape in detail; assessing market trends and factors shaping the evolution of the rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for QR code payment providers; evaluating trends and drivers of the QR code payments market and how they compare to alternative digital and contactless forms of payments. The report analyses the present and future outlook for QR code payments across multiple industries, and regional analysis highlighting how certain markets and regions are utilising QR codes. Finally, the report provides insights on the challenges and limitations of QR code payments in terms of functionality and adoption across several regions.

Please note: the online download version of this report is for a global site license.

Table of Contents

46 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

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