The February 2022 Aite-Novarica Group report on The Rise of QR Codes explores their history, types, and growing applications in payments and beyond. It differentiates static and dynamic formats, as well as push and pull payment models. The study highlights use cases including information sharing, P2P payments, hospitality, retail, loyalty programs, bill payments, package tracking, and ticketing. It also compares QR codes with NFC technology, noting factors influencing adoption. The report emphasizes QR codes’ versatility, cost-effectiveness, and ability to enhance customer engagement across multiple industries and transaction types.

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