According to a new Juniper Research study, global spending on QR code payments will exceed $3 trillion by 2025, up from $2.4 trillion in 2022. This 25% increase will be driven by a greater emphasis on Juniper Research study improving financial inclusion in developing regions and providing alternatives to established payment methods in developed regions.
For many people in the United States, QR codes seemed like a passing fad until relatively recently. Mostly appearing on posters and other public advertisements, they often directed customers to a company website or a signup page for an email list. QR codes could only be scanned by downloading a separate app, and there was little incentive to do so.
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