QR code payments to reach RM13 trillion by 2025

Juniper Research has ranked Alipay as the leader in QR code payments, having built upon its early‑mover advantage to create a portfolio of strong features, including loyalty schemes, online payments, and a food delivery service in the QR space.

PETALING JAYA: A new study by Juniper Research has predicted that the global spend using QR code payments will reach over US$3 trillion (RM13.1 trillion) by 2025; rising from US$2.4 trillion (RM10.5 trillion) in 2022.

This 25% growth will be driven by the increasing focus on improving the level of financial inclusion in developing regions and providing alternatives to established payment methods in developed regions.

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Alipay , QR Code , awards ,


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