QR Code Payments

QR Code Payments: Key Opportunities, Regional Analysis & Market Forecasts 2021-2025

Juniper Research’s new QR Code Payments research report provides a highly detailed assessment of how QR codes are being leveraged for payments in established markets but also in new markets. The report focuses on understanding how QR code payments are suited to a large number of markets, what the future prospects are, and what challenges there are to growth. The research also provides a detailed comparison of QR code payments versus contactless payments, as these two methods are in frequent competition. The research suite also contains a detailed dataset; providing forecasts for 26 countries across a number of different metrics.

The research report also assesses 15 leading QR code payment vendors across the market via a Juniper Research Leaderboard; providing a key resource for market stakeholders in understanding the evolution of the market going forward.

This research suite comprises:
  • Strategy & Forecasts (PDF)
  • Five-year Deep Dive Data & Forecasting (PDF/IFxl)
  • 12 months' access to harvest online data platform

Read more...

Key Features

  • QR Code Payments Market Dynamics: Extensive assessment of the QR code payments market, including the current extent of market disruption, the challenges to future growth and the future outlook.
  • QR Code Payments Regional Analysis: Detailed analysis of the prospects for QR code payment adoption across our 8 key regions, as well as a number of country-level markets, covering the current state of QR code payment adoption, regulatory concerns and future market outlooks.
  • Juniper Research Leaderboard: 15 QR payments vendors analysed and positioned via a Juniper Research Leaderboard, including:
    • Alipay
    • BharatPe
    • Easypaisa
    • Google Pay
    • Kakao Pay
    • Mercado Pago
    • M-PESA
    • PayMaya
    • PayPal
    • Paytm
    • PhonePe
    • Rakuten Pay
    • STC Pay
    • WeChat Pay
    • Yoyo Wallet
  • Benchmark Industry Forecasts: Forecasts sizing markets up to 2025; split by our 8 key regions and by the 26 countries below:
    • Brazil
    • Canada
    • China
    • Denmark
    • France
    • Germany
    • India
    • Indonesia
    • Japan
    • Kenya
    • Malaysia
    • Mexico
    • Netherlands
    • Norway
    • Philippines
    • Portugal
    • Russia
    • Saudi Arabia
    • Singapore
    • South Africa
    • South Korea
    • Spain
    • Sweden
    • Turkey
    • UK
    • US

Key Questions

  1. What will the total transaction value of QR code payments be in 2025?
  2. Will QR code payments succeed in developed markets?
  3. What benefits and challenges do QR code payments have compared with contactless payments?
  4. How has the pandemic affected the potential in the QR code payments market?
  5. What impact will national QR Code payment schemes have on the market?

Companies Referenced

Included in Juniper Research Leaderboard: Alipay, BharatPe, Easypaisa, Google Pay, Kakao Pay, Mercado Pago, M-PESA, PayMaya, PayPal, Paytm, PhonePe, Rakuten Pay, STC Pay, WeChat Pay, Yoyo Wallet.
 
Mentioned: 1688.com, Affin Bank, AGH Holdings, Agro Bank, Al Rajhi Bank, Alibaba, AliExpress, Alliance Bank, AlphaPay, Amazon, AmBank, American Express, Ant Financial, Ant Financial Group, Ant Group, Apollo Pharmacy, Apple, Attock, Axis Bank, Bangko Sentral ng Pilipinas, Bank Indonesia, Bank Islam, Bank Muamalat, Bank of China, Bank of England, Bank Rakyat, Baramda, Bata, Bed Bath & Beyond, Berkshire Hathaway, BigPay, Bombay Chowpatti, BookMyShow, Brazil’s Central Bank, BSN, Burger King, Byco, Carnival Cinemas, Chaaye Khana, Chase Pay, China Postal ePost , Cinepolis, Citibank, Confinity, Croma, DANA, Decathlon, Discovery Capital, Dishtv, Domino’s, Dunkin Donuts, Easypaisa, EHB Bank, Enrich Salons, Fave Pay, Finexus, FNB (First National Bank), Foodpanda, FreshMenu, Gloria Jean’s Coffees, Goibibo, Gojek, Google, GoPay, Grab, Greentrends, Hardee’s, HDFC Bank, Healthpass, HongLeong Bank, HSBC, Huawei Pay, ICBC, ICICI Bank, iDEAL, InteliPOS, iZettle, JCB, Jet Airways, Kauai, KFC, KKR, Lightspeed, Line Pay, Liquid Pay, MAS (Monetary Authority of Singapore), Mastercard, Maybank, MBSB Bank, McDonalds, MedPlus, Mercado Libre, More, Naheed Supermarket, Netcash, Nets, NHS (National Health Service), Ni, Nike, NPCI (National Payments Corporation of India), NPP (New Payments Platform), Nykaa, OCBC Bank, Ola, Oracle, OVO, Paygate, PayNet, PayNet (Payments Network Malaysia), Paysafe, PBOC (People’s Bank of China), Pesapal , PhonePe, Pizza Hut, Pizza Lounge, PLDT, Port Grand, Public Bank, Public Bank Berhad, Punjab National Bank, Rakuten Bank, Rakuten Tokyu Planning Co, Ltd, Raseedy, RBI (Reserve Bank of India), RedBus, Rehmat-e-Shereen, Reliance, Reserve Bank of Australia, RuPay, Safaricom, SAFE (State Administration of Foreign Exchange), saib Bank, SAIF Partners, SAMA (Saudi Arabia Monetary Authority), Samsonite, SBI, SG QR , Shaheen Chemist, ShopeePay, Singtel Dash, Smart Communications, Smart Padala, Smash, SnapPay, SnapScan, SoftBank, Spencer’s, SPI Cinemas, SRL Diagnostics, Standard Chartered, Star India Bazaar, State Bank of Pakistan, Studio 11, Suryoday Small Finance Bank , Swiggy, T Rowe Price, Talwalkars, Tameer Bank, Taobao Marketplace, Telenor Microfinance Bank, Telenor Pakistan, Tencent, Tez, The Cheese Factor, Tmall, Tokyu, Total, Touch n Go Wallet, Tumi, Uber, UnionPay, UOB, Venmo, vida e caffè, Visa, Vishal, Vodafone, Voyager Innovations, Weixin Pay, Western Union, WhatsApp, wiGroup, Worldpay, Yahoo, YLG, Yoka Pay, Zapper, Zerodha, Zomato.
 

Data & Interactive Forecast

Juniper Research’s QR Code Payments forecast suite includes:
  • Five-year benchmark forecasts for key metrics across 8 key regions:
    • North America
    • Latin America
    • West Europe
    • Central & East Europe
    • Far East & China
    • Indian Subcontinent
    • Rest of Asia Pacific
    • Africa & Middle East
  • Country-level splits:
    • Brazil
    • Canada
    • China
    • Denmark
    • France
    • Germany
    • India
    • Indonesia
    • Japan
    • Kenya
    • Malaysia
    • Mexico
    • Netherlands
    • Norway
    • Philippines
    • Portugal
    • Russia
    • Saudi Arabia
    • Singapore
    • South Africa
    • South Korea
    • Spain
    • Sweden
    • Turkey
    • UK
    • US
  • QR Code payments market split by 2 scheme types:
    • National QR Code payment schemes
    • Third-party QR Code payment schemes
  • QR code payments split by 2 key transaction types:
    • Retail Payments
    • Ticketing Payments
  • Interactive Scenario Tool allowing users to manipulate Juniper Research’s data for four different metrics.
  • Access to the full set of forecast data of 28 tables and more than 7,100 datapoints.
Juniper Research’s highly granular IFxls (interactive Excels) enable clients to manipulate our forecast data and charts to test their own assumptions, by using the Interactive Scenario Tool, and compare select markets side by side in customised charts and tables. IFxls greatly increase clients’ ability to both understand a particular market and to integrate their own views into the model.
 

QR Code Payments Reports

Date
Price

Full Research Suite

QR Code Payments full research suite comprises:

  • QR Code Payments PDF report
  • Interactive Forecast IFXL spreadsheet
  • 12 months' access to QR Code Payments data updates in harvest - find out more

Click here for more information and purchase options

Jan 2021

$3928

€3320

£2990

PDF & Excel Report

QR Code Payments full research suite comprises:

  • QR Code Payments PDF report
  • Interactive Forecast IFXL spreadsheet

Click here for more information and purchase options

Jan 2021

$2956

€2498

£2250

QR Code Payments FAQs

Are QR codes still relevant in 2021?
What growth has been seen in the QR codes market?
What trends are there in the QR codes market?

Research Details

Publisher:
Juniper Research
Published:
11/01/2021
Author(s):
Nick Maynard
Category:
Fintech & Payments
Regions:
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Countries:
Brazil, Canada, China, Denmark, France, Germany, India, Indonesia, Japan, Kenya, South Korea, Malaysia, Mexico, Netherlands, Norway, Philippines, Portugal, Russian Federation, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Turkey, UK, USA