qr code mobile payments Archives

Almost half of consumers don’t like using restaurant QR codes

04/21/202304/20/2023 Stephanie Beck

A recent study showed 47 percent of restaurant patrons aren’t comfortable scanning the barcodes. Even as restaurants continue to use QR codes more regularly to help take pressure off front-of-house staff, the results of recent studies are indicating that many patrons still haven’t reached the point that they’re entirely comfortable scanning with their smartphones. The quick response barcodes are used for everything from displaying menus to ordering and paying. QR codes are affordable and easy to use, making them highly appealing for restaurants to use as tools for improved front-of-house…

QR code payments could break $3 trillion in 3 years

05/23/202205/17/2022 Jorge Gonzalez

A new Juniper Research forecast suggests that the mobile transactions will reach the milestone by 2025. QR code payment trends have shown that the transaction method is taking off, even if it has experience broken global growth over the last few years. Quick response barcodes have been used for payments far more in some regions than in others. The low-cost, easily recognizable and simple to use technique of QR code payments have high appeal to many merchants and consumers globally. Though the popularity differs from one region to the next.…

CVS to use pharmacy QR code to accept PayPal and Venmo payments

11/18/202011/17/2020 Stephanie Beck

Customers can now use a touch-free digital checkout process at 8,200 of the store’s locations. CVS Pharmacy, CVS Health’s retail division, announced that customers can use pharmacy QR code payments to check out touch-free using PayPal or Venmo. The barcodes are available to be used at 8,200 of the retailer’s standalone locations across the country. These pharmacy QR code payments make it possible for customers to shop in-store and pay for their items without having to sign a receipt or come in contact with a keypad. This allows them to…

Brazil rolls out the PIX mobile payments system for faster transactions

11/17/202011/16/2020 Jesse Collins

PIX mobile payments - QR code payment transaction

QR codes are expected to play a vital role in the country’s move away from using cash to pay. Brazil has announced the launch of the PIX mobile payments system, which is the nickname of the Brazil Instant Payment System from Banco Central do Brasil. The goal of this strategy is to make digital transactions convenient enough to stop relying on cash. The PIX mobile payments strategy has been in the works for over a year. The idea behind its use is to place QR codes in the way of…

Indian regulator bans new QR codes from being launched in the country

10/29/202010/28/2020 L. Green

The Reserve Bank of India is stopping the nation’s payment system operators from issuing its proprietary barcodes. The Indian banking regulator, the Reserve Bank of India, has announced that it is banning the generation of new QR codes that would have been the foundation of a new mobile payments system in the country. The regulator has stated that the new proprietary quick response codes will no longer be permitted. The national payment system is no longer allowed to issue new QR codes from its proprietary format for the purpose of…