Scope of the Study
QR code or Quick Response code is a two-dimensional code that has a pattern of black squares that are arranged on a square grid with a white background. QR code mobile payment is a contactless payment method where payment is performed by scanning a QR code from a mobile application. It requires consumers to use a smartphone application that enables them to scan, store and share their code scans. It made a possible extremely quick payment as compared to other modes of payment.
The market study is being classified by Type (Static QR code and Dynamic QR code), by Application (Fuel Retailers, E-ticket Booking, Toll Payments, Parking Payments, Street Vendors, Micro-business and Small and Medium Business) and major geographies with country level break-up.
Samsung Electronics (South Korea), Visa, Inc. (United States), Apple Inc. (United States), Alphabet Inc. (United States), Square, Inc. (United States), ACI Worldwide Inc. (United States), PayPal Holdings, Inc. (United States), Mastercard (United States), Google Pay (United States), Paytm (India) and Venmo (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global QR Code Mobile Payment market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global QR Code Mobile Payment market by Type, Application and Region.
On the basis of geography, the market of QR Code Mobile Payment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Penetration of the Internet
- Rise in the Mobile Users Worldwide
- Growing Adoption of the QR Code Payment Methods
- Cashback Offers by the Companies
- High Demand for Advanced Payment Methods
- Technical Issues Associated with Payment Applications
- Security and Privacy Concerns related with Payments
- Rise in Consumer Spending through Mobile Payment
- Technological Advancements in the Mobile Payments
- Increasing Competition in the Market
Key Target AudienceQR Code Mobile Payment Providers, Research Professionals, Emerging Companies and End-users
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase