contactless payments Archives

QR Code Payment Market: Growth, Trends, and Projections for 2025–2034

05/02/2025 QR Code Press

Market Potential and Projections for QR Code Payments The global QR code payment market is booming, with its valuation expected to skyrocket from $12.2 billion in 2024 to an estimated $66.9 billion by 2034. Driving this impressive compound annual growth rate (CAGR) of 18.7% is the rising preference for seamless, contactless payment solutions. The simplicity and adaptability of QR codes make them a favorite for industries like retail, healthcare, hospitality, and transportation. Their appeal is not just about convenience, but also security and speed, making QR code payments a focal…

Why QR Code Payments Are the Secret to APAC’s Digital Wallet Boom

04/08/202504/07/2025 Angela Linders

The Rise of Digital Wallets in APAC: Redefining Payments and the Future of Cashless Economies Across the Asia-Pacific (APAC) region, digital wallets such as Alipay and WeChat Pay have fundamentally reshaped the way individuals and businesses handle money. From paying for a morning coffee to securing government subsidies, these mobile payment innovations have positioned APAC as a global leader in the transition toward cashless economies. But what makes this transformation so significant, and what challenges remain in this highly dynamic landscape? Cashless Economies on the Rise By 2024, an estimated…

Apple Wallet can now add PayPal and Venmo Cards

10/17/202310/16/2023 Sam Lambert

PayPal has announced that it is allowing its customers to add its cards to the mobile wallet app. In what is likely a strong reflection of how popular mobile payments have become, PayPal has now announced that it will let its customers add their PayPal or Venmo credit and debit cards to their Apple Wallet. This makes it possible for the mobile payment app users to collect cashback and rewards. Using Apple Wallet, PayPal and Venmo card users will be able to accumulate cashback and rewards when they make purchases.…

Tech giants play substantial role in mobile payments

10/02/202309/28/2023 Jorge Gonzalez

Mobile payments - POS Terminal paying with phone

A new CFPB report underscores the influence of such players as Apple and Google. The Consumer Financial Protection Bureau (CFPB) has issued a new report underscoring the impact of tech giants, their policies and practices on mobile payments adoption, use, and trends. This is particularly true of technology allowing tap-to-pay functionality on smartphones and watches. The way these companies choose to behave has had a direct impact on access to mobile payments. For instance, Apple currently bans payment apps and banks from being able to access the Apple iOS device…

Tech giants play a substantial role in mobile wallets innovation and competition

09/22/202309/21/2023 Stephanie Beck

Apple and Google were considerable players in establishing tap-to-pay regulations and technology. A new Consumer Financial Protection Bureau (CFPB) report has placed the spotlight on the way mobile wallets are impacted by the policies and practices of tech giants. This is particularly true when it comes to the way that smartphones and wearables are used to transact. For instance, Apple currently has a ban on bank and payment apps from being able to access the Apple iOS device tap-to-pay functionality, setting fees for mobile wallets through Apple Pay. On the…