Until 2025, more than 2 billions of consumers will make payments via QR Code

Digital menus, catalogs and accounts in general: the use of QR CODE is increasingly common among services present in the routine of the world population. That's why, throughout 2022, adherence to payments through this technology has increased considerably.

Although, how the service is present in different segments, the tendency is for users to adopt the solution even more in the following years. At the moment, nearly 1,5 billions of consumers around the world make payments through this alternative.

Nonetheless, according to Juniper Research, a UK consultancy company, the estimate is that this number will reach 2,2 billion people by the year 2025.

More than 30% of supporters to QR CODE

Bringing other data, nearly 3 between 10 consumers pay their bills using QR CODE, what it represents 35% of total users. Samuel Ferreira, Meep CEO and expert (technology solutions company for payments), justifies this trend among the population.

“The agility to control transactions in a single place and the freedom of consumers who increasingly want to consume makes QR CODE technology increasingly popular among businesses”, says the expert.

242 millions of devices

In general, payment by QR CODE is helping to boost instant payments because it simplifies access to digital platforms. But, furthermore, Much of this growth is linked to the use of cell phones to make payments.

A survey carried out by Fiser showed that payments by QR CODE are among the most used in the last decade. Like this, this modality is only behind PIX and digital wallets.

Nonetheless, It is indisputable how the increase in the smartphone user base impacts this reality. Today, the brand surpasses 242 millions of devices. This growth is a reflection of the search for ease and convenience, provided by reading codes.

In addition to digital menus and other services already mentioned, the QR CODE can also be found on various products, like business cards, supermarket products and even television broadcasts.