With mobile wallets set to pass two billion users next year, and QR code payments soaring in China despite challenges elsewhere, who will cash in and win the digital wallet war?
A payment acceptance system based on QR code could be one use of the New Payments Platform that fintech companies could create, the data and analytics company Global Data claims.
QR codes aren't a passing fad, with QR code coupon redemptions predicted to grow fourfold from an estimated 1.3 billion in 2017 to 5.3 billion by 2022.
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