With a continued global increase in mobile phone adoption, it comes as no surprise that mobile payments and mobile wallets are also experiencing increased use; especially amongst the younger generations. Globally, digital payments are expected to reach an annual transaction value of USD 4.4 trillion in 2020, with 17 per cent CAGR through 2024. With growth rates like this, it is not surprising that merchant payments have captured the interest of many stakeholders, including Mobile Money Providers (MMPs).
In emerging markets mobile money providers are at the forefront of using QR codes. QR code merchant payments is seen as an attractive opportunity, many of the existing challenges remain and some new challenges present.
The report is intended as a resource for mobile money providers to unlock a significant business opportunity to adopt QR code-based payments with a particular focus on their interoperability to achieve scale. Find in this report to adopt and/or grow QR code merchant payments ecosystems: