PUBLISHER: KBV Research | PRODUCT CODE: 1804018
PUBLISHER: KBV Research | PRODUCT CODE: 1804018
North America QR Code Payment Market Size, Share & Industry Analysis Report By Offerings, By Solution Type, By Payment Type, By Transaction Channel, By End-user, By Country and Growth Forecast, 2025 - 2032
The North America QR Code Payment Market would witness market growth of 18.5% CAGR during the forecast period (2025-2032).
The US market dominated the North America QR Code Payment Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of USD 6,581.7 Million by 2032. The Canada market is experiencing a CAGR of 20.2% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 19.4% during (2025 - 2032). The US and Canada led the North America QR Code Payment Market by Country with a market share of 66.3% and 17.2% in 2024.
In North America, QR code payments have gone from being a niche option to a common way to pay for things in stores, hotels, transportation, and public services. QR codes were first used for marketing and getting information, but they later became secure, fast, and hardware-light ways to pay, especially as contactless payments became more popular. Because they were easy to get to-just a smartphone and an internet connection-they were used in both big cities and small towns. Different regions use different methods. For example, the U.S. uses QR codes to add to existing digital wallets, Canada uses them in account-to-account transactions, and Mexico uses infrastructure led by the central bank to make payments that are the same and free.
Current market trends show that QR payments are becoming more integrated into operational workflows. For example, dynamic codes that are linked to orders, invoices, or service requests can make things run more smoothly and accurately, especially in retail and hospitality. Standardization and consumer protection efforts have made security better, and dynamic codes and transaction confirmation features have helped build trust. QR codes can also be used as universal interfaces, allowing transactions to be made with cards or instant bank transfers, depending on the situation. Modernizing infrastructure, supporting regulations, and designing for users have all made QR payments easy, quick, and safe.
Transaction Channel Outlook
Based on Transaction Channel, the market is segmented into Face-to-Face and Remote. With a market value of $3657 Million by 2032, and a compound annual growth rate (CAGR) of 17.1% over the projection period, the Face-to-Face Market, dominate the US QR Code Payment Market by Transaction Channel in 2024 and would be a prominent market until 2032. The Remote market is expected to witness a CAGR of 18.2% during (2025 - 2032).
End User Outlook
Based on End-user, the market is segmented into Restaurant, Retail & E-commerce, E-ticket Booking, and Other End-user. The Restaurant market segment dominated the Canada QR Code Payment Market by End-user is expected to grow at a CAGR of 19.4 % during the forecast period thereby continuing its dominance until 2032. Also, The E-ticket Booking market is anticipated to grow as a CAGR of 21 % during the forecast period during (2025 - 2032).
Payment Type Outlook
Based on Payment Type, the market is segmented into Push Payment and Pull Payment. With a compound annual growth rate (CAGR) of 19.1% over the projection period, the Push Payment Market, dominate the Mexico QR Code Payment Market by Payment Type in 2024 and would be a prominent market until 2032. The Pull Payment market is expected to witness a CAGR of 19.8% during (2025 - 2032).
Country Outlook
The QR code payment system in the U.S. has gone from being a novelty to a popular way to pay without touching anything. This is because more people are using digital wallets and smartphones, and there was a lot of demand for touchless payments during the pandemic. QR payments work with card and NFC systems that are already in place, and they benefit from interoperability standards like EMVCo's specification. Security issues are handled by dynamic codes and in-app authentication. More and more restaurants, quick-service businesses, pop-up shops, and peer-to-peer transactions are using it, often as part of ordering, billing, or digital wallets. Digital wallet providers, POS software, and banks are the main competitors.
List of Key Companies Profiled
- PayPal Holdings, Inc.
- One97 Communications Limited (Paytm Payments Services Limited)
- Google Pay (Google LLC)
- Square, Inc. (Block, Inc.)
- PaymentCloud Inc. (Electronic Merchant Systems, LLC)
- Ecentric Payment Systems (Pty) Ltd
- Revolut Ltd.
- Nearex Pte Ltd.
- ACI Worldwide, Inc.
- LINE Pay Taiwan Limited
North America QR Code Payment Market Report Segmentation
By Offerings
- Solution
- Services
By Solution Type
- Dynamic QR code
- Static QR code
By Payment Type
- Push Payment
- Pull Payment
By Transaction Channel
- Face-to-Face
- Remote
By End User
- Restaurant
- Retail & E-commerce
- E-ticket Booking
- Other End-user
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America QR Code Payment Market, by Offerings
- 1.4.2 North America QR Code Payment Market, by Solution Type
- 1.4.3 North America QR Code Payment Market, by Payment Type
- 1.4.4 North America QR Code Payment Market, by Transaction Channel
- 1.4.5 North America QR Code Payment Market, by End User
- 1.4.6 North America QR Code Payment Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Market Trends - Global QR Code Payment Market
Chapter 5. State of Competition Global QR Code Payment Market
Chapter 6. Competition Analysis - Global
- 6.1 KBV Cardinal Matrix
- 6.2 Recent Industry Wide Strategic Developments
- 6.2.1 Partnerships, Collaborations and Agreements
- 6.2.2 Product Launches and Product Expansions
- 6.3 Top Winning Strategies
- 6.3.1 Key Leading Strategies: Percentage Distribution (2021-2025)
- 6.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Feb - 2025, May) Leading Players
- 6.4 Porter Five Forces Analysis
Chapter 7. Value Chain Analysis of QR Code Payment Market
Chapter 8. PLC (Product Life Cycle) - QR Code Payment Market
Chapter 9. Market Consolidation - Global QR Code Payment Market
Chapter 10. North America QR Code Payment Market by Offerings
- 10.1 North America Solution Market by Region
- 10.2 North America Services Market by Region
Chapter 11. North America QR Code Payment Market by Solution Type
- 11.1 North America Dynamic QR code Market by Region
- 11.2 North America Static QR code Market by Region
Chapter 12. North America QR Code Payment Market by Payment Type
- 12.1 North America Push Payment Market by Country
- 12.2 North America Pull Payment Market by Country
Chapter 13. North America QR Code Payment Market by Transaction Channel
- 13.1 North America Face-to-Face Market by Country
- 13.2 North America Remote Market by Country
Chapter 14. North America QR Code Payment Market by End-user
- 14.1 North America Restaurant Market by Country
- 14.2 North America Retail & E-commerce Market by Country
- 14.3 North America E-ticket Booking Market by Country
- 14.4 North America Other End-user Market by Country
Chapter 15. North America QR Code Payment Market by Country
- 15.1 US QR Code Payment Market
- 15.1.1 US QR Code Payment Market by Offerings
- 15.1.2 US QR Code Payment Market by Solution Type
- 15.1.3 US QR Code Payment Market by Payment Type
- 15.1.4 US QR Code Payment Market by Transaction Channel
- 15.1.5 US QR Code Payment Market by End-user
- 15.2 Canada QR Code Payment Market
- 15.2.1 Canada QR Code Payment Market by Offerings
- 15.2.2 Canada QR Code Payment Market by Solution Type
- 15.2.3 Canada QR Code Payment Market by Payment Type
- 15.2.4 Canada QR Code Payment Market by Transaction Channel
- 15.2.5 Canada QR Code Payment Market by End-user
- 15.3 Mexico QR Code Payment Market
- 15.3.1 Mexico QR Code Payment Market by Offerings
- 15.3.2 Mexico QR Code Payment Market by Solution Type
- 15.3.3 Mexico QR Code Payment Market by Payment Type
- 15.3.4 Mexico QR Code Payment Market by Transaction Channel
- 15.3.5 Mexico QR Code Payment Market by End-user
- 15.4 Rest of North America QR Code Payment Market
- 15.4.1 Rest of North America QR Code Payment Market by Offerings
- 15.4.2 Rest of North America QR Code Payment Market by Solution Type
- 15.4.3 Rest of North America QR Code Payment Market by Payment Type
- 15.4.4 Rest of North America QR Code Payment Market by Transaction Channel
- 15.4.5 Rest of North America QR Code Payment Market by End-user
Chapter 16. Company Profiles
- 16.1 PayPal Holdings, Inc.
- 16.1.1 Company Overview
- 16.1.2 Financial Analysis
- 16.1.3 Regional Analysis
- 16.1.4 Research & Development Expenses
- 16.1.5 Recent strategies and developments:
- 16.1.5.1 Partnerships, Collaborations, and Agreements:
- 16.1.5.2 Product Launches and Product Expansions:
- 16.2 One97 Communications Limited (Paytm Payments Services Limited)
- 16.2.1 Company Overview
- 16.2.2 Financial Analysis
- 16.2.3 Recent strategies and developments:
- 16.2.3.1 Product Launches and Product Expansions:
- 16.3 Google Pay (Google LLC)
- 16.3.1 Company Overview
- 16.3.2 Financial Analysis
- 16.3.3 Segmental and Regional Analysis
- 16.3.4 Research & Development Expenses
- 16.3.5 Recent strategies and developments:
- 16.3.5.1 Product Launches and Product Expansions:
- 16.4 Square, Inc. (Block, Inc.)
- 16.4.1 Company Overview
- 16.4.2 Financial Analysis
- 16.4.3 Segmental and Regional Analysis
- 16.5 PaymentCloud Inc. (Electronic Merchant Systems, LLC)
- 16.5.1 Company Overview
- 16.6 Ecentric Payment Systems (Pty) Ltd
- 16.6.1 Company Overview
- 16.6.2 Revolut Ltd.
- 16.6.3 Company Overview
- 16.6.4 Recent strategies and developments:
- 16.6.4.1 Product Launches and Product Expansions:
- 16.7 Nearex Pte Ltd.
- 16.7.1 Company Overview
- 16.8 ACI Worldwide, Inc.
- 16.8.1 Company Overview
- 16.8.2 Financial Analysis
- 16.8.3 Segmental and Regional Analysis
- 16.8.4 Research & Development Expenses
- 16.8.5 Recent strategies and developments:
- 16.8.5.1 Product Launches and Product Expansions:
- 16.9 LINE Pay Taiwan Limited
- 16.9.1 Company Overview
- 16.9.2 Financial Analysis
- 16.9.3 Regional Analysis
- 16.9.4 Research & Development Expenses
LIST OF TABLES
- TABLE 1 North America QR Code Payment Market, 2021 - 2024, USD Million
- TABLE 2 North America QR Code Payment Market, 2025 - 2032, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- QR Code Payment Market
- TABLE 4 Product Launches And Product Expansions- QR Code Payment Market
- TABLE 5 North America QR Code Payment Market by Offerings, 2021 - 2024, USD Million
- TABLE 6 North America QR Code Payment Market by Offerings, 2025 - 2032, USD Million
- TABLE 7 North America Solution Market by Region, 2021 - 2024, USD Million
- TABLE 8 North America Solution Market by Region, 2025 - 2032, USD Million
- TABLE 9 North America Services Market by Region, 2021 - 2024, USD Million
- TABLE 10 North America Services Market by Region, 2025 - 2032, USD Million
- TABLE 11 North America QR Code Payment Market by Solution Type, 2021 - 2024, USD Million
- TABLE 12 North America QR Code Payment Market by Solution Type, 2025 - 2032, USD Million
- TABLE 13 North America Dynamic QR code Market by Region, 2021 - 2024, USD Million
- TABLE 14 North America Dynamic QR code Market by Region, 2025 - 2032, USD Million
- TABLE 15 North America Static QR code Market by Region, 2021 - 2024, USD Million
- TABLE 16 North America Static QR code Market by Region, 2025 - 2032, USD Million
- TABLE 17 North America QR Code Payment Market by Payment Type, 2021 - 2024, USD Million
- TABLE 18 North America QR Code Payment Market by Payment Type, 2025 - 2032, USD Million
- TABLE 19 North America Push Payment Market by Country, 2021 - 2024, USD Million
- TABLE 20 North America Push Payment Market by Country, 2025 - 2032, USD Million
- TABLE 21 North America Pull Payment Market by Country, 2021 - 2024, USD Million
- TABLE 22 North America Pull Payment Market by Country, 2025 - 2032, USD Million
- TABLE 23 North America QR Code Payment Market by Transaction Channel, 2021 - 2024, USD Million
- TABLE 24 North America QR Code Payment Market by Transaction Channel, 2025 - 2032, USD Million
- TABLE 25 North America Face-to-Face Market by Country, 2021 - 2024, USD Million
- TABLE 26 North America Face-to-Face Market by Country, 2025 - 2032, USD Million
- TABLE 27 North America Remote Market by Country, 2021 - 2024, USD Million
- TABLE 28 North America Remote Market by Country, 2025 - 2032, USD Million
- TABLE 29 North America QR Code Payment Market by End-user, 2021 - 2024, USD Million
- TABLE 30 North America QR Code Payment Market by End-user, 2025 - 2032, USD Million
- TABLE 31 North America Restaurant Market by Country, 2021 - 2024, USD Million
- TABLE 32 North America Restaurant Market by Country, 2025 - 2032, USD Million
- TABLE 33 North America Retail & E-commerce Market by Country, 2021 - 2024, USD Million
- TABLE 34 North America Retail & E-commerce Market by Country, 2025 - 2032, USD Million
- TABLE 35 North America E-ticket Booking Market by Country, 2021 - 2024, USD Million
- TABLE 36 North America E-ticket Booking Market by Country, 2025 - 2032, USD Million
- TABLE 37 North America Other End-user Market by Country, 2021 - 2024, USD Million
- TABLE 38 North America Other End-user Market by Country, 2025 - 2032, USD Million
- TABLE 39 North America QR Code Payment Market by Country, 2021 - 2024, USD Million
- TABLE 40 North America QR Code Payment Market by Country, 2025 - 2032, USD Million
- TABLE 41 US QR Code Payment Market, 2021 - 2024, USD Million
- TABLE 42 US QR Code Payment Market, 2025 - 2032, USD Million
- TABLE 43 US QR Code Payment Market by Offerings, 2021 - 2024, USD Million
- TABLE 44 US QR Code Payment Market by Offerings, 2025 - 2032, USD Million
- TABLE 45 US QR Code Payment Market by Solution Type, 2021 - 2024, USD Million
- TABLE 46 US QR Code Payment Market by Solution Type, 2025 - 2032, USD Million
- TABLE 47 US QR Code Payment Market by Payment Type, 2021 - 2024, USD Million
- TABLE 48 US QR Code Payment Market by Payment Type, 2025 - 2032, USD Million
- TABLE 49 US QR Code Payment Market by Transaction Channel, 2021 - 2024, USD Million
- TABLE 50 US QR Code Payment Market by Transaction Channel, 2025 - 2032, USD Million
- TABLE 51 US QR Code Payment Market by End-user, 2021 - 2024, USD Million
- TABLE 52 US QR Code Payment Market by End-user, 2025 - 2032, USD Million
- TABLE 53 Canada QR Code Payment Market, 2021 - 2024, USD Million
- TABLE 54 Canada QR Code Payment Market, 2025 - 2032, USD Million
- TABLE 55 Canada QR Code Payment Market by Offerings, 2021 - 2024, USD Million
- TABLE 56 Canada QR Code Payment Market by Offerings, 2025 - 2032, USD Million
- TABLE 57 Canada QR Code Payment Market by Solution Type, 2021 - 2024, USD Million
- TABLE 58 Canada QR Code Payment Market by Solution Type, 2025 - 2032, USD Million
- TABLE 59 Canada QR Code Payment Market by Payment Type, 2021 - 2024, USD Million
- TABLE 60 Canada QR Code Payment Market by Payment Type, 2025 - 2032, USD Million
- TABLE 61 Canada QR Code Payment Market by Transaction Channel, 2021 - 2024, USD Million
- TABLE 62 Canada QR Code Payment Market by Transaction Channel, 2025 - 2032, USD Million
- TABLE 63 Canada QR Code Payment Market by End-user, 2021 - 2024, USD Million
- TABLE 64 Canada QR Code Payment Market by End-user, 2025 - 2032, USD Million
- TABLE 65 Mexico QR Code Payment Market, 2021 - 2024, USD Million
- TABLE 66 Mexico QR Code Payment Market, 2025 - 2032, USD Million
- TABLE 67 Mexico QR Code Payment Market by Offerings, 2021 - 2024, USD Million
- TABLE 68 Mexico QR Code Payment Market by Offerings, 2025 - 2032, USD Million
- TABLE 69 Mexico QR Code Payment Market by Solution Type, 2021 - 2024, USD Million
- TABLE 70 Mexico QR Code Payment Market by Solution Type, 2025 - 2032, USD Million
- TABLE 71 Mexico QR Code Payment Market by Payment Type, 2021 - 2024, USD Million
- TABLE 72 Mexico QR Code Payment Market by Payment Type, 2025 - 2032, USD Million
- TABLE 73 Mexico QR Code Payment Market by Transaction Channel, 2021 - 2024, USD Million
- TABLE 74 Mexico QR Code Payment Market by Transaction Channel, 2025 - 2032, USD Million
- TABLE 75 Mexico QR Code Payment Market by End-user, 2021 - 2024, USD Million
- TABLE 76 Mexico QR Code Payment Market by End-user, 2025 - 2032, USD Million
- TABLE 77 Rest of North America QR Code Payment Market, 2021 - 2024, USD Million
- TABLE 78 Rest of North America QR Code Payment Market, 2025 - 2032, USD Million
- TABLE 79 Rest of North America QR Code Payment Market by Offerings, 2021 - 2024, USD Million
- TABLE 80 Rest of North America QR Code Payment Market by Offerings, 2025 - 2032, USD Million
- TABLE 81 Rest of North America QR Code Payment Market by Solution Type, 2021 - 2024, USD Million
- TABLE 82 Rest of North America QR Code Payment Market by Solution Type, 2025 - 2032, USD Million
- TABLE 83 Rest of North America QR Code Payment Market by Payment Type, 2021 - 2024, USD Million
- TABLE 84 Rest of North America QR Code Payment Market by Payment Type, 2025 - 2032, USD Million
- TABLE 85 Rest of North America QR Code Payment Market by Transaction Channel, 2021 - 2024, USD Million
- TABLE 86 Rest of North America QR Code Payment Market by Transaction Channel, 2025 - 2032, USD Million
- TABLE 87 Rest of North America QR Code Payment Market by End-user, 2021 - 2024, USD Million
- TABLE 88 Rest of North America QR Code Payment Market by End-user, 2025 - 2032, USD Million
- TABLE 89 Key Information - PayPal Holdings, Inc.
- TABLE 90 Key Information - One97 Communications Limited
- TABLE 91 Key Information - Google Pay
- TABLE 92 Key Information - Square, Inc.
- TABLE 93 Key Information - PaymentCloud Inc.
- TABLE 94 Key Information - Ecentric Payment Systems (Pty) Ltd
- TABLE 95 Key Information - Revolut Ltd.
- TABLE 96 Key Information - Nearex Pte Ltd.
- TABLE 97 Key information - ACI Worldwide, Inc.
- TABLE 98 Key Information - LINE Pay Taiwan Limited
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 North America QR Code Payment Market, 2021 - 2032, USD Million
- FIG 3 Key Factors Impacting North America QR Code Payment Market
- FIG 4 KBV Cardinal Matrix
- FIG 5 Key Leading Strategies: Percentage Distribution (2021-2025)
- FIG 6 Key Strategic Move: (Product Launches and Product Expansions : 2021, Feb - 2025, May) Leading Players
- FIG 7 Porter's Five Forces Analysis - QR Code Payment Market
- FIG 8 Value Chain Analysis of QR Code Payment Market
- FIG 9 North America QR Code Payment Market share by Offerings, 2024
- FIG 10 North America QR Code Payment Market share by Offerings, 2032
- FIG 11 North America QR Code Payment Market by Offerings, 2021 - 2032, USD Million
- FIG 12 North America QR Code Payment Market share by Solution Type, 2024
- FIG 13 North America QR Code Payment Market share by Solution Type, 2032
- FIG 14 North America QR Code Payment Market by Solution Type, 2021 - 2032, USD Million
- FIG 15 North America QR Code Payment Market share by Payment Type, 2024
- FIG 16 North America QR Code Payment Market share by Payment Type, 2032
- FIG 17 North America QR Code Payment Market by Payment Type, 2021 - 2032, USD Million
- FIG 18 North America QR Code Payment Market share by Transaction Channel, 2024
- FIG 19 North America QR Code Payment Market share by Transaction Channel, 2032
- FIG 20 North America QR Code Payment Market by Transaction Channel, 2021 - 2032, USD Million
- FIG 21 North America QR Code Payment Market share by End-user, 2024
- FIG 22 North America QR Code Payment Market share by End-user, 20232
- FIG 23 North America QR Code Payment Market by End-user, 2021 - 2032, USD Million
- FIG 24 North America QR Code Payment Market share by Country, 2024
- FIG 25 North America QR Code Payment Market share by Country, 2032
- FIG 26 North America QR Code Payment Market by Country, 2021 - 2032, USD Million
- FIG 27 Recent strategies and developments: PayPal Holdings, Inc.
