QR code payments are changing the way we pay: faster, contactless, and more convenient than ever before. If you’ve ever scanned a square pattern at a restaurant table or checkout counter to pay your bill, you’ve already used this technology.
VELLIS NEWS
11 Jul 2025
By Vellis Team
Vellis Team
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But what exactly are QR code payments and why are they becoming so popular?
In this article, we’ll break down how payment QR code systems work, explore their benefits, compare static and dynamic codes, and dive into the platforms that support them.
A QR code payment is a digital transaction initiated when a user scans a Quick Response (QR) code with a smartphone. These codes store payment-related information, allowing the user to send money directly without entering card details or swiping a physical card.
Here’s how it works for consumers:
For businesses, a payment QR code can either be static (same for every transaction) or dynamic (generated uniquely for each payment). In both cases, the merchant receives an instant confirmation once the payment is complete.
Here are the types of QR codes for payments that you may encounter everyday:
These are fixed codes that contain preset information, usually the merchant’s payment address. Customers manually enter the amount to pay. Static QR codes are ideal for small vendors, kiosks, street markets, or printed on bills.
These are generated in real time and include transaction-specific data such as the amount, order ID, or customer info. Dynamic codes offer enhanced security and traceability and are commonly used in POS systems, e-commerce checkouts, and restaurant QR menus.
P2P QR payments are often seen in apps like Venmo or GCash, where users scan each other’s codes to send or request money. Business QR payments, on the other hand, link to merchant accounts and often integrate with accounting and inventory tools.
There are several reasons QR code payments are gaining traction, especially post-pandemic:
QR-based payments are incredibly versatile. Here’s where they’re most commonly found:
Several major platforms support QR code payments and offer easy integration for businesses. Some of the most popular include:
These providers often bundle QR code payments with other merchant services, offering seamless POS, reporting, and compliance tools.
It’s worth noting that adoption is higher in parts of Asia (i.e. China, India, and Southeast Asia) QR codes are a daily payment method. In contrast, North America and Europe are seeing steady but slower growth.
Security is a top concern with any payment method and QR codes are no exception.
When handled correctly, QR code payments are safe and compliant with global privacy and security standards like PCI DSS and GDPR.
Despite their popularity, QR code payments are not without downsides:
Still, these challenges are often outweighed by the benefits, especially for tech-savvy or mobile-first markets.
As digital payments evolve, so will QR technology. Some exciting trends on the horizon:
As part of broader digital ecosystems, QR code payments will continue to grow, especially when paired with tools like what is near field communication (NFC), AI analytics, and open banking APIs.
If you’re looking for the best payment processing solution to support QR payments, you can check providers like Vellis that offer flexible, mobile-friendly options that can scale with your business.
It’s a payment made by scanning a machine-readable code that links to a secure payment page or app.
Yes, when encrypted and used with trusted apps, though users should beware of fake codes.
Most smartphones have built-in scanners or use mobile payment apps that support QR scanning.
Yes, they are cost-effective and easy to set up with minimal hardware requirements.
Static codes are fixed, while dynamic ones are generated per transaction and include specific details like amount and merchant ID.
Ghosh, S., & Satyavolu, A. (2021). QR code payments: Adoption, usage, and future trends. Journal of Payments Strategy & Systems, 15(2), 110–120.
EMVCo. (2023). QR Code Payment Standards. https://www.emvco.com/emv-technologies/qrcodes/
Mastercard. (2022). The rise of QR code payments in a contactless world. https://www.mastercard.com/news/perspectives/2022/qr-code-payments-trends-growth/
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Vellis Inc. is authorized as a Money Services Business by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) number M24204235. Vellis Inc. is a company registered in Canada, number 1000610768, headquartered at 30 Eglinton Avenue West, Mississauga, Ontario L5R3E7, Canada.