QR-based payment systems are gaining momentum in global markets, with recent developments in Bangladesh highlighting how quickly this model can scale when it is made simple and interoperable.
The concept is straightforward.
Merchants display a QR code, customers scan it using their banking or wallet app, and payment is completed instantly.
There is no need for traditional card terminals, which can reduce setup costs and lower barriers to digital acceptance, particularly for smaller businesses.
What makes this interesting is the wider implication. 📊
If QR payments continue to expand across regions, they could reshape how merchants think about their payment mix.
Lower infrastructure costs, faster onboarding, and growing consumer comfort with mobile payments all make QR an attractive option alongside cards and account-to-account payments.📲
That said, adoption is unlikely to be universal overnight. Consumer habits, regulation, and existing card infrastructure still play a major role.
In some markets, QR may complement cards rather than replace them, giving merchants more choice and flexibility.
Would you like to see more QR based payments becoming part of everyday commerce?🤔
