QR Code Payments Market Statistics 2023-2028
The latest QR code payments research by Juniper Research expects developing markets, including Southeast Asia, to experience significant market growth over the next five years, due to how QR enables unbanked populations to access digital payments. But, of the total that will be spent via QR in Asia and Africa & Middle East in 2024, how much will be spent via national QR schemes (such as India's UPI)?
Africa & Middle East: $68 billion
Far East & China: $52 billion
Indian Subcontinent: $181 billion
Rest of Asia Pacific: $125 billion
Want more insights and statistics? Download our latest QR code payments whitepaper, which examines the role of card networks within the QR code payments landscape, from their contributing efforts facilitating digital transactions for payment service providers, to their value‑added offerings.
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