North America QR Scan Payment Market Share
Generally speaking, the largest market for any industry is North America. This is also possible with QR codes. Marketers are using QR codes as a strategy to engage and convert customers once more as major brands start to take notice of them. Additionally, customers now have greater access to smartphones, and brand experiences are always evolving. Consequently, QR codes are more powerful than they have ever been. 2018 saw the announcement by UnionPay International that it has teamed up with the Bank of China (Canada) to allow UnionPay QR code payments at all Foodymart locations in Canada. In both Canada and the US, UnionPay's QR code payment feature was introduced for the first time at this time. It is anticipated that the number of retailers who accept North American and the number of UnionPay QR code payments will surpass 5,000 this year. Furthermore, the use of QR codes to streamline the mainstream payment process has been rapidly adopted by Walmart Pay and Target Pay in the United States. To complete a transaction, customers only need to log into the retailer's app, provide their credentials or biometrics, and scan or present the QR code at the point of sale.