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QR Code Payments to Exceed $8tn by 2029

  • A new study predicts that the value of QR code payments will grow by 50%, reaching $8 trillion by 2029.
  • The standardization of national QR schemes and A2A payment initiatives will drive the adoption of QR code payments.
  • The accessibility, affordability, and universal compatibility of QR codes contribute to their continued growth.
  • QR code payment providers must tailor their offerings for smaller businesses to capitalize on this growth.

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