The number of people using QR code payment services globally will rise from 1.5 billion in 2020 to more than 2.2 billion in 2025, representing close to one in three (29%) of all the world’s mobile phone users, Juniper Research predicts.
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The researchers forecast that “much of this growth will be within emerging markets, where weak card infrastructure creates a strong opportunity”. It also predicts a 240% growth in user numbers in the US between 2020 and 2025, driven by factors such as PayPal’s rollout of QR payments in the country.