PUBLISHER: Juniper Research Ltd | PRODUCT CODE: 1649586
PUBLISHER: Juniper Research Ltd | PRODUCT CODE: 1649586
Global QR Code Payments Market: 2025-2029
'QR Code Payments to Exceed $8tn by 2029'
| KEY STATISTICS | |
|---|---|
| Total spend in 2025: | $5.4tn |
| Total spend in 2029: | $8tn |
| 2025 to 2029 market growth: | 48% |
| Forecast period: | 2025-2029 |
Overview
Our latest "QR Code Payments" research suite provides a detailed analysis of the adoption and uses of QR code payments across the globe; enabling stakeholders such as payments providers, financial institutions and merchants to understand future growth, key trends and the competitive environment.
The suite includes several different options that can be purchased separately, including access to data that maps adoption and future growth of the QR code payments market. The research in this insightful study uncovers the latest trends and opportunities within the market, and provides extensive analysis of the 18 market leaders using a combination of quantitative and qualitative scoring criteria to provide vendor positioning for these key players, as well as 5-year market sizing and data forecasts analysing the different segments in QR code payments; volume, value, users and more. The coverage can also be purchased as a full research suite, containing all these elements, at a substantial discount.
Collectively, these documents provide a critical tool for understanding the rapidly evolving QR code payments market; allowing QR code payment providers and technology vendors to shape their future strategy. Its unparalleled coverage makes this research suite an incredibly useful resource for charting the future of such an uncertain and rapidly growing market.
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 forwards.
- Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and key findings within the QR code payments market, accompanied by key strategic recommendations for stakeholders including payment providers, financial institutions, super-app and messaging platforms, and more.
- 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, transport, and P2P transfers.
- Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 18 QR code payments systems vendors, via the Juniper Research Competitor Leaderboard.
SAMPLE VIEW
Market Data & Forecasting Report
The numbers tell you what's happening, but our written report details why, alongside the methodologies.
Market Trends & Strategies Report
A comprehensive analysis of the current market landscape, alongside strategic recommendations.
Market Data & Forecasting Report
This market-leading research suite for the "QR Code Payments" market includes access to the full set of forecast data of 37 tables and over 15,318 datapoints. Metrics in the research suite include:
- Total Number of QR Code Payment Users
- Total Volume of QR Code Payments
- Total Value of QR Code Payments
These metrics are provided for the following key market verticals:
- QR Code Payment Scheme
- National
- Third party
- QR Code Segments
- P2P
- Retail
- Ticketing
Juniper Research Interactive Forecast Excel contains the following functionality:
- Statistics Analysis: Users benefit from the ability to search for specific metrics; displayed for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
- Country Data Tool: This tool lets users look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
- Country Comparison Tool: Users can select countries and compare each of them. The ability to export graphs is included in this tool.
- What-if Analysis: Here, users can compare forecast metrics against their own assumptions, via five interactive scenarios
Market Trends & Strategies Report
This report examines the QR Code Payments market landscape in detail; assessing market trends and factors shaping the evolution of the rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for QR code payment providers; evaluating trends and drivers of the QR code payments market and how they compare to alternative digital and contactless forms of payments. The report analyses the present and future outlook for QR code payments across multiple industries, and regional analysis highlighting how certain markets and regions are utilising QR codes. Finally, the report provides insights on the challenges and limitations of QR code payments in terms of functionality and adoption across several regions.
Competitor Leaderboard Report
Juniper Research's Competitor Leaderboard for QR Code Payments provides detailed evaluation and market positioning for 18 leading vendors in the QR code payments space. The vendors are positioned either as an established leader, leading challenger, or disruptor and challenger, based on capacity and capability assessments.
|
|
This document is centred around the Juniper Research Competitor Leaderboard; a vendor positioning tool that provides an at-a-glance view of the competitive landscape in a market, backed by a robust methodology.
Table of Contents
Market Trends & Strategies
1. Key Takeaways and Strategic Recommendations
- 1.1. Key Trends
- 1.2. Strategic Recommendations
2. Market Landscape
- 2.1.1. Introduction
- 2.1.2. Definitions & Scope
- Figure 2.1: An Example of a QR Code, Using the Commonly Seen Model 2 QR Format
- 2.1.3. History of QR Codes
- 2.2. Current QR Payments Landscape
- Figure 2.2: QR Code Payments Volume (m), Split by 8 Key Regions, 2025
- 2.2.1. Current Market Status
- 2.2.2. National QR schemes vs Third-party Schemes
- 2.3. Card Vendors in QR Code Payments
- 2.3.1. Visa
- 2.3.2. Mastercard
- 2.3.3. American Express
- 2.4. Key Trends & Drivers
- 2.4.1. The Normalisation of Cashless Societies
- 2.4.2. Accessibility of QR Codes as a POS Solution
- 2.4.3. From Featurephone to Smartphone
- Figure 2.3: Total Volume of Smartphones & Featurephones (m), 2017-2029
- 2.4.4. Expansion and High-growth Areas
- 2.4.5. Security Developments
- Figure 2.4: Secure Customer Authentication
- 2.5. Monetisation of QR Codes
- 2.6. Contactless Payments: QR Codes vs NFC
- Figure 2.5: QR vs NFC: Strengths & Weaknesses
- 2.6.1. QR Code Payments
- i. Strengths
- ii. Weaknesses
- 2.6.2. NFC
- i. Strengths
- ii. Weaknesses
- 2.6.3. Apple's Third-party NFC-enablement
3. Segment Analysis
- 3.1. Introduction
- 3.1.1. Transport
- Figure 3.1: Total Value of Tickets Purchased via QR Codes ($m): 2024-2029
- 3.1.2. Retail
- Figure 3.2: Total Value of Retail Transactions, QR Codes ($m), 2024-2029
- 3.1.3. P2P Transfers
- Figure 3.3: The Total Number of P2P Transfers, (m)
- 3.1.4. eCommerce
- 3.1.5. Restaurants
- 3.1.1. Transport
4. Country Readiness Index
- 4.1. Introduction to Country Readiness Index
- Figure 4.1: Country Readiness Index Regional Definitions
- Table 4.2: Juniper Research's Country Readiness Index Scoring Criteria: QR Code Payments
- Figure 4.3: Juniper Research's Country Readiness Index: QR Code Payments
- Table 4.4: QR Code Payments Country Readiness Index: Market Segments
- 4.1.1. Focus Markets
- i. Widespread Integration
- Figure 4.5: Total Volume of QR Code Payments (m), 2024-2029 - Focus Markets
- ii. Government Initiatives
- iii. Mobile Payment Dominance
- iv. Cross-border Initiatives
- i. Widespread Integration
- 4.1.2. Growth Markets
- i. National Payment Schemes
- ii. Integration with Popular Platforms
- Figure 4.6: Total Value of QR Code Payments $(m), 2024-2029 - Growth Markets
- 4.1.3. Developing Markets
- i. Fragmented Payment Landscape
- ii. Competition with NFC
- Figure 4.7: Total Value of QR Code Payments (m), 2024-2029 - Developing Markets
- 4.1.4. Saturated Markets
- i. Lack of Standardisation
- Figure 4.8: Total Volume of QR Code Payments (m), 2024-2029 - Saturated Markets
- ii. Less-developed Infrastructure
- Table 4.9: Juniper Research's QR Code Payments Country Readiness Index Heatmap: North America
- Table 4.10: Juniper Research's QR Code Payments Country Readiness Index Heatmap: Latin America
- Table 4.11: Juniper Research's QR Code Payments Country Readiness Index Heatmap: West Europe
- Table 4.12: Juniper Research's QR Code Payments Country Readiness Index Heatmap: Central & East Europe
- Table 4.13: Juniper Research's QR Code Payments Country Readiness Index Heatmap: Far & East China
- Table 4.14: Juniper Research's QR Code Payments Country Readiness Index Heatmap: Indian Subcontinent
- Table 4.15: Juniper Research's QR Code Payments Country Readiness Index Heatmap: Rest of Asia Pacific
- Table 4.16: Juniper Research's QR Code Payments Country Readiness Index
- Heatmap: Africa & Middle East
- i. Lack of Standardisation
Competitor Leaderboard
1. Introduction
- 1.1. Why Read This Report
- Table 1.1: Juniper Research Competitor Leaderboard: QR Code Payments
- Source: Juniper Research
- Figure 1.2: Juniper Research Competitor Leaderboard - QR Code Payments Vendors
- Table 1.3: Juniper Research Competitor Leaderboard for QR Code Payments Ranking
- Table 1.4: Juniper Research Competitor Leaderboard Heatmap for QR Code Payments Vendors (Part 1)
- Table 1.5: Juniper Research Competitor Leaderboard Heatmap for QR Code Payments Vendors (Part 2)
- 1.1.1. Vendor Profiles
- 1.1.2. Alipay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.3. BharatPe
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.4. Google Pay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.5. Kakao
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.6. LINE Pay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.7. Maya
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.8. Mercado Pago
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.9. MoMo
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.10. M-PESA
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.11. PayPal
- i. Corporate
- Table 1.6: Notable PayPal Acquisitions Summary ($m)
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- i. Corporate
- 1.1.12. PayPay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths and Development Opportunities
- 1.1.13. PhonePe
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.14. Rakuten Pay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.15. Revolut
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.16. stc pay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.17. UnionPay International
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.18. WeChat Pay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.1.19. Vipps MobilePay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- Table 1.1: Juniper Research Competitor Leaderboard: QR Code Payments
- 1.2. Vendor Analysis & Juniper Research Leaderboard
- 1.2.1. Limitations & Interpretations
- 1.3. Related Research
Data & Forecasting
1. QR Code Payments - Market Forecasts
- 1.1.1. Introduction
- 1.1.2. Methodology & Assumptions
- Figure 1.1: QR Code Payments Forecast Methodology
- Figure 1.2: QR Code Payments Forecast Methodology (P2P Payments Extension)
2. QR Code Payments Market
- 2.1. QR Code Payments Forecasts
- 2.1.1. QR Code Payment Users
- Figure & Table 2.1: Total QR Code Payment Users (m), Split by 8 Key Regions, 2024-2029
- 2.1.2. QR Code Payments Transaction Volume
- Figure & Table 2.2: Total Volume of QR Code Payments (m), Split by 8 Key Regions, 2024-2029
- 2.1.3. QR Code Payments Transaction Value
- Figure & Table 2.3: QR Code Payments Transaction Value ($m), Split by 8 Key Regions, 2024-2029
- 2.1.4. QR Code Payments Transaction Volume, Split by Scheme
- Figure & Table 2.4: QR Code Payments Total Volume (m), Split by Scheme Type, 2024-2029
- 2.1.5. QR Code Payments Transaction Value, Split by Scheme
- Figure & Table 2.5: QR Code Payments Total Value ($m), Split by Scheme Type 11
- 2.1.1. QR Code Payment Users
3. Peer-to-Peer
- 3.1.1. Volume of QR Code Payments that are Peer-to-Peer (P2P)
- Figure & Table 3.1: P2P QR Code Payments Total Volume (m), 2024-2029
- 3.1.2. Value of P2P QR Code Payments
- Figure & Table 3.2: P2P QR Code Payments Total Value ($m)
4. Retail
- 4.1.1. Volume of QR Code Payments from Retail Transactions
- Figure & Table 4.1: Retail QR Code Payments Total Volume (m), 2024-2029
- 4.1.2. Value of QR Code Payments from Retail Transactions
- Figure & Table 4.2: Retail QR Code Payments Total Value ($m), 2024-2029
5. Ticketing
- 5.1. Volume of QR Code Payments from Ticketing Transactions
- Figure & Table 5.1: Volume of Ticketing QR Code Payments (m), 2024-2029
- 5.1.1. Value of QR Code Payments from Ticketing
- Figure & Table 5.2: Value of Ticketing QR Code Payments ($m), 2024-2029
