QR code payment is a cashless payment system that involves scanning QR codes to transmit virtual monies from one person to another. This cashless payment method makes transactions between a store and its customers as quick and easy as possible. With its widespread use today, every restaurant and bar owner, operator, retailer, store owner, and banker is considering it, and customers familiar with it appreciate a more easy payment process.

Paying via QR code has grown in popularity worldwide since the outbreak. The usage of QR code payments as a portal for digital payment in restaurants, bars, hotels, supermarkets, and fashion transactions has become a global necessity for the future to secure social distancing and promote contactless interactions.

And with easy access to a QR code generator online, the growth in people using QR code payment is seen in various forms. 

How do QR code payments proliferate today?

QR codes are used in four important payment transactions and are integrated into the virtual payment system. QR code payments are becoming more popular worldwide as they are used in more relevant payment transactions.

Transfer Funds between banks

During a pandemic, transferring bank cash can be difficult. Apart from the requirement to visit the bank now and then to withdraw or transfer funds to other accounts, the risk of contracting the virus grows.

As a result, consumers are increasingly incorporating the use of digital banking to quickly transfer payments without having to visit a bank to take money from its ATMs. Using QR codes for financial transfers and payments becomes more straightforward as part of their digital banking experience.

This makes QR code payment for digitally transferring amounts viable and accessible by scanning and transmitting or receiving funds. As a result, QR code payment has become a worldwide success.

Groceries and retail stores

With the 50 percent customer capacity restriction put on businesses such as retail stores and shopping centers, merchants are obliged to find another means to retain their profit margins by minimizing the customers allowed in-store at a time. They use QR code payment to provide a faster purchase process for their consumers because they need to maintain their profit margin. Retail stores can also integrate a QR code generator with logo software to make their custom-built retail store QR codes and place them in prominent spaces in the store. 

Payments for utilities like water, electricity, and internet

Because the epidemic has limited people’s mobility, running errands to pay their utility bills poses a health risk to their customers and employees. As a result, utility companies adopt QR codes as a new standard payment method for their clients.

They do this by including a QR code in their customers’ monthly bills. They may scan to pay or use the password-protected QR code feature to add a layer of protection to the customer and keep their utility usage privacy protected.

Due to the faster and easier payment stages that shoppers can enjoy, retail stores can keep their profit margins with scan and pay capabilities. Customers can save more time shopping as a result of this.

Pubs and Restaurants

Restaurants and bars were one of the negatively impacted business sectors since the COVID-19 epidemic. Because one of the recommended preventive measures imposed by the community health sectors is social distancing and limited interpersonal engagement. Their number of clients and revenues are lowered to more than half of their daily income.

As a result of this issue, restaurants and bars are including restaurant menu QR codes and QR code payments into their new standard ordering systems. The scan and view/pay characteristics of QR codes are becoming a viable ordering and payment system for restaurants and bars as touchless business operations become the new normal.


As the globe continues to learn how to deal with a worldwide health crisis, QR codes provide a hand in assisting businesses and others in carrying on with their daily operations. Because of their capacity to deliver faster and safer data transfer, using them in the payment system allows businesses to offer their customers a faster and more secure payment option.