QR payments

Phone camera checkout

QR payments are transactions made by scanning a Quick Response code with a smartphone, linking to a payment system that transfers funds electronically.

The payer typically scans a merchant's displayed code or presents their own code to be scanned.

Common in Asia and growing elsewhere, QR payments bypass the need for cash or physical cards: The street vendor only accepts QR payments.

Opposites
payment medium/technology

QR paymentscash

Ready spending funds

coins · paper money · cash payment · banknotes · card swipe

technological sophistication

QR paymentsbarter

Direct goods-for-goods exchange

cowrie shells · gold coins · handshake deal · IOU · promissory note

transaction physicality

QR paymentscash transactions

Purchases made with bills

hard currency · banknotes · specie · cash in hand

Family

payments, payment, pay, pays, paying, payer, payers, payable, payee

Familiarity
Top 500,000
Profile
Used worldwide · Everyday, not technical · Rated G