QR Code Payment Market Report 2023 (Global Edition)

Global QR Code Payment Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing QR Code Payment Industry growth. QR Code Payment market has been segmented with the help of its Offering, Solution Payment Type, and others. QR Code Payment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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By Offering, the Solution Segment held the largest Market share of QR Code Payment Market in 2022.

Based on the Offering, the Solution segment held the largest share in the year 2022 owing to the increasing adoption of mobile payment and wallet solutions.

• Solution
• Services

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By Solution, the Dynamic QR code Segment accounted for the major share of QR Code Payment Market in 2022.

Based on the Solution, the Dynamic QR code segment accounted for the major share of the market in the year 2022 owing to their benefits such as versatility and convenience as a user can activate or deactivate the QR Code at any time and can monitor scanning activity.

• Dynamic QR Code
• Static QR Code

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the QR Code Payment market report 2023 Edition by contacting our team.

QR Code Payment Payment Type Segment Analysis

By Payment Type, the Push Payment Segment dominated the QR Code Payment Market in 2022!

The Push Payment segment dominated the market in the year 2022 owing to increasing popularity among consumers as it is faster and quicker because payers send both payment and money and helps to prevent fraud and unauthorized transactions.

• Push Payment
• Pull Payment

QR Code Payment Transaction Channel Segment Analysis

• Face-to-Face
• Remote

QR Code Payment End-User Segment Analysis

• Restaurant
• Retail & E-Commerce
• E-Ticket Booking
• Others

Asia Pacific QR Code Payment Market held the largest market share in 2022!

Asia Pacific held the largest share of the market in the year 2022 owing to the increasing popularity of mobile payment systems because they are fast, convenient, and secure. QR code payment is also commonly used for small-value transactions, such as buying snacks or paying for parking, as it eliminates the need for cash and makes transactions more efficient. Furthermore, the large and growing population and increasing penetration of smartphones are some of the major factors supporting the market growth. 

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

QR Code Payment Industry News

• Revolut launched QR codes to help businesses adhere to social distancing

In February 2021, Revolut has launched QR code payments in a bid to help businesses adhere to social distancing measures. Revolut’s aim is to offer touch-free, instant payments that can be processed using internet connectivity.

• PaymentCloud acquired contactless payments technology startup Paysley

In October 2020, PaymentCloud acquired a majority stake in the contactless payments technology startup Paysley. This acquisition consents PaymentCloud to combine its payment processing abilities with Paysley’s contactless payment functionality. without needing to create an account, Paysley aims to transform any business owner’s smartphone into a point-of-sale (POS) device.

Top Companies Market Share in QR Code Payment Industry: (In no particular order of Rank)

• PaymentCloud
• UnionPay International
• Clover Network LLC
• Ecentric Payment Systems
• Revolut Technologies Inc.
• PayPal Inc.
• Nearex Pte Ltd.
• Block Inc. (Square)
• ACI Worldwide
• LINE Pay Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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