QR Code Payments

QR code payments use a scannable code to initiate a payment from a mobile device or banking app. The code can represent a payee, amount, or payment request.

QR payments are widely used in many countries for merchant and person-to-person transactions. They can work with bank accounts, wallets, or instant payment systems.

Related Terms

Digital Wallet

A digital wallet is an electronic device, software program, or online service that stores payment in...

NFC Payments

NFC payments use near-field communication to enable short-range, contactless transactions. They are ...

UPI

Unified Payments Interface

UPI is India's real-time payments system that enables instant transfers between bank accounts using ...

PIX

PIX is Brazil's instant payment system operated by the Central Bank of Brazil. It allows 24/7 transf...

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