QR code payment

Phone-scan transaction method

QR code payment is a transaction method where a buyer scans a square barcode with a smartphone to transfer money.

The customer either scans a merchant's code or displays their own code to be scanned.

Common in Asia and increasingly elsewhere, it bypasses the need for cash or physical cards: The street vendor only accepted QR code payment.

Related

contactless · smartphone · checkout · point of sale · barcode · digital · NFC · mobile checkout · Venmo · tap · cashless · merchant · street vendor · terminal · square · transaction · receipt · Apple Pay

Categories
Opposites
payment technology method

QR code paymentcash payment

Transaction using physical currency

chip and PIN · card swipe · check payment · EMV chip · insert card

transaction tangibility

QR code paymentcash payment

Transaction using physical currency

paper money · coins · banknotes · cash · hard currency

Family

code, payment, codes, coded, coding, coder, coders, encode, encoded

Familiarity
Top 500,000
Profile
Known to kids · Used worldwide · Concrete · Everyday, not technical · Rated G