Global QR Code Payments Market: 2023-2028

The latest QR Code Payments research provides an expansive overview of the adoption and utilities of QR code payments across the globe. It includes strategic recommendations for QR code payment providers and stakeholders, as well as comprehensive 5-year forecasts for QR code payment volumes and values, QR code payment users, and handsets used for QR code payments. Additionally, these 5-year forecasts provide key market splits for markets with national and third-party schemes, volume and value of retail and transportation tickets made by QR code payments.

Furthermore, the Competitor Leaderboard, featuring an in depth evaluation of 19 major QR code payment vendors, positions key market stakeholders seeking to understand the competitive landscape in the highly complex QR code payment market. It uses a combination of quantitative and qualitative scoring criteria to provide vendor positioning for the market’s key players. In addition, the publisher also comprises an assessment of the current QR code payments market and the factors impacting it. These include:

• QR Code Payment National Standardisation vs Third-party Schemed
• Card Vendors in the QR Code Payments Market
• The Impact of Cashless Society Initiatives
• Security Developments of QR Codes and Payments Utilising Them
• How QR Codes Fare Against NFC Contactless Payments

This research suite includes:

• Market Trends & Strategies (PDF)
• Competitor Leaderboard (PDF)
• Data & Forecasting (PDF)
• 5-year Market Sizing & Forecast Spreadsheet (Excel)
• 12 Months' Access to harvest Online Data Platform

Key Statistics

• $2.9bn - Market size in 2023
• $4.8bn - Market size in 2028
• 59% - 2023 to 2028 market growth
• 2023-2028 - Forecast period

Key Features

Market Dynamics: The report provides a comprehensive market assessment discussing key market trends impacting the effectiveness and value proposition of the QR code payments market, as well as an in-depth evaluation of the future growth of the market and readiness for further disruption. This enables readers to understand the critical innovations driving this market forward.

Regional Analysis: Comprehensive evaluation featuring regional-level market analysis on the future of the market and the potential for QR code payment adoption; supplemented with 5 year forecast data and split by 8 key regions including;

• North America
• Latin America
• West Europe
• Central & East Europe
• Far East & China
• Indian Subcontinent
• Rest of Asia Pacific
• Africa & Middle East

Competitor Leaderboard: This competitive landscape will provide key player capability and capacity assessment for 19 QR code payment providers; positioning them as either an established leader, leading challenger, or disruptor and challenger. Our Competitor Leaderboard scores these companies on a number of criteria, including their size of operations in the space, their extent and breadth of market partnerships, sophistication of their platforms, and the publisher's view on each company's innovation and future business prospects. The companies included in the QR Code Payments Competitor Leaderboard are:

• Alipay
• easypaisa
• Google Pay
• LINE Pay
• Maya
• Mercado Pago
• MoMo
• M-PESA
• Nearex
• PayPal
• Paytm
• PhonePe
• Rakuten Pay
• Revolut
• Square
• stc pay
• UnionPay
• Vipps MobilePay
• WeChat Pay

Benchmark Industry Forecasts: Provides 5-year forecasts for QR code payment activities including total users of QR code payments, total number of mobile handsets and average amount of QR code payments made per mobile handset per annum. Total volume and value of QR code payments, including splits between national and third party schemes, and QR code payments in retail and transport. Metrics are split by our 8 key forecast regions and the 60 countries listed below:

North America:

• Canada, US

Latin America:

• Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Urugua

West Europe:

• Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Central & East Europe:

• Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine

Far East & China:

• China, Hong Kong, Japan, South Korea

Indian Subcontinent:

• Bangladesh, India, Nepal, Pakistan

Rest of Asia Pacific:

• Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam

Africa & Middle East:

• Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

Research Deliverables

• Market Data & Forecasting Report - The numbers tell you what's happening, but our written report details why, alongside the methodologies.
• Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
• harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.
• Market Trends & Strategies Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations.
• Competitor Leaderboard Report - Provides a visual representation of the competitive positioning of the leaders within the market.