QR codes were used more in Europe than in Latin America in 2020, but the LATAM region is expected to have overtaken Europe markedly in 2025. However, forecasts predict that the Americas - including North America - will not come close to the market size of QR transactions in the Far East & China. The use of black box patterns for payments was not a common practice in either the United States or the United Kingdom (UK), as a 2020 survey found a clear minority of QR code users in both countries. This particular survey did not mention why it was the case - whether, for instance, people had security issues with QR or not - but it did provide information on where these payments were used: Typically, restaurants or bars were a preferred location for these types of mobile payments in the U.S. or UK.
Market size of QR code transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025
(in billion U.S. dollars)
The source did not provide additional information for regions like Africa or MENA. It is assumed these are included in the "Rest of the world (ROW)" region.
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Juniper Research. (March 23, 2021). Market size of QR code transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1227799/qr-code-transaction-value-worldwide-by-region/
Juniper Research. "Market size of QR code transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025 (in billion U.S. dollars)." Chart. March 23, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1227799/qr-code-transaction-value-worldwide-by-region/
Juniper Research. (2021). Market size of QR code transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1227799/qr-code-transaction-value-worldwide-by-region/
Juniper Research. "Market Size of Qr Code Transactions in Various Regions Worldwide in 2020 with Forecasts from 2021 to 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Mar 2021, https://www.statista.com/statistics/1227799/qr-code-transaction-value-worldwide-by-region/
Juniper Research, Market size of QR code transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1227799/qr-code-transaction-value-worldwide-by-region/ (last visited July 22, 2024)
Market size of QR code transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025 (in billion U.S. dollars) [Graph], Juniper Research, March 23, 2021. [Online]. Available: https://www.statista.com/statistics/1227799/qr-code-transaction-value-worldwide-by-region/