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The rise of Quick Response (QR) codes for payments.

This paper is an addendum to the interim report, “Cashless Society- Benefits Risks and Issues”, published by the Cashless Society Working Party, in December 2017. In the process of researching into the various aspects of a cashless society, Quick Response codes (QR codes) featured as a popular and widely adopted technology as part of the digital economy and payment system.

This paper seeks to understand the phenomenal rise of QR codes use by:

  • explaining the historical development of QR codes;
  • exploring the reasons why QR codes have become popular;
  • highlighting QR codes in a cashless society, particularly in payment systems;
  • considering issues related to the use of QR codes in payment systems.

Read the paper