Juniper Research: QR Code Payments to Reach $3 Trillion Globally by 2025, with Integrated Loyalty Schemes Driving Market Value
The new research, QR Code Payments: Key Opportunities, Competitor Leaderboard & Marketing Forecasts 2022-2026, identified combined loyalty and payment services via a single QR code as a key strategy for increasing adoption. It predicts loyalty schemes will encourage repeat use and foster consumer trust in QR codes for payments.
For more insights, download the free whitepaper: How a Shift to Cashless Societies Is Driving QR Code Payments
Alipay Tops Juniper Research Competitor Leaderboard
The research reviewed the top 15 QR code payments vendors in the market and evaluated key factors that led to their respective success. The top 5 vendors were ranked as below:
- Alipay
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PayPal - WeChat Pay
- Google Pay
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UnionPay International
National Schemes to Boost QR Growth
The report found that the prospects for adoption and growth are stronger in markets with national schemes in place, due to incentives that promote ease of use for consumers; with increased interoperability being a major enabling factor. In particular, the research found that in
QR Code Payments market research: https://www.juniperresearch.com/researchstore/fintech-payments/qr-code-payments-research-report
Download the whitepaper: https://www.juniperresearch.com/whitepapers/how-a-shift-to-cashless-societies-is-driving-qr
View source version on businesswire.com: https://www.businesswire.com/news/home/20220508005020/en/
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E: sam.smith@juniperresearch.com
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