. For PayPal, which historically has been digitally-focused, rolling out QR codes is a way for it to tap into in-person purchase volumes.
And while QR codes may take a while to catch on, Venmo's broader growth strategy includes both the QR products and the cards, Rainey said. In the US, QR codes haven't been widely adopted as an in-store payment method. Instead there's been more traction with contactless credit and debit cards, as well as mobile wallets like Apple Pay. But PayPal is betting that the coronavirus pandemic could be the catalyst for QR adoption.
Historically, contactless payments have been a solution looking for a problem in the US market, Rainey said.
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India has been doing this successfully since demonetization happened.
Congs
Sounds good
Parts of Europe are implementing this for menus and ordering at restaurants currently amid the pandemic - hopefully it's a matter of time for the U.S. to follow suit.
China has been using QR code’s for years for payments.
Security
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
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