Member Exclusive, Payments

‘2020 was the year of QR code adoption — 2021 will be the explosion’: QR codes continue to climb in popularity

  • Past the three-month mark of 2021, we’re still seeing QR codes grow in popularity.
  • But how this payment method will expand continues to leave the future of QR codes kind of blurry.
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‘2020 was the year of QR code adoption — 2021 will be the explosion’: QR codes continue to climb in popularity

In December, payments firm Klarna partook in a fashion show in Australia. Instead of modeling outfits, models walked down the runway wearing robes and holding QR codes. The audience could then scan the QR codes to reveal the true outfits via their Klarna apps and buy the clothing on their phones.

But unlike the clothes showcased in the fashion show, QR codes aren’t likely to go out of style any time soon.

We’re past the first quarter of 2021, and we’re still seeing increased interest in QR codes. 11 million households in the US are predicted to use QR codes this year to make payments. Half of the restaurants in the US now offer QR codes.

“It’s replacing the physical menu, it’s going to replace the physical receipt, and even after everybody’s vaccinated, even after we go to where there’s no mask, I believe that QR codes are going to stay,” said Kevin Olsen, svp of payment solutions at VSoft.

As more companies explore new ways of implementing this payment method, 2021 seems to be the year for QR codes setting up camp in people’s shopping habits.


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