PayPal Launched QR Code Payments in Canada via Its App
Laura McQuarrie — June 25, 2020 — Business
Even though many retailers were exploring contactless payment solutions pre-pandemic, options like QR code payments are taking on new significance as people look for touch-free ways to complete everyday purchases. PayPal recently introduced QR code payments in Canada to support in-person selling experiences that are safe and secure. Knowing that people are eager to return to salons, farmer's markets and their favorite local stores, PayPal introduced this new feature to its official app so that vendors can be supported without the need for any new equipment purchases to be made.
As consumers have virtually stopped using cash and coins for months now, more consumers are becoming open to defaulting to mobile payments as part of their regular shopping routines.
Image Credit: PayPal Canada
As consumers have virtually stopped using cash and coins for months now, more consumers are becoming open to defaulting to mobile payments as part of their regular shopping routines.
Image Credit: PayPal Canada
Trend Themes
1. QR Code Payments - QR code payments are gaining significance as people seek touch-free ways to complete purchases.
2. Mobile Payments - As consumers stop using cash and coins, more are defaulting to mobile payments in their shopping routines.
3. Contactless Payments - Retailers exploring contactless payment solutions pre-pandemic are now looking to adopt touchless payment methods.
Industry Implications
1. Finance - Companies in the finance industry can explore QR code payments and mobile payments as a solution to support safe and secure in-person transactions.
2. Retail - With consumers desiring touch-free ways to pay, retailers can adopt QR code and mobile payments to keep the shopping experience safe and seamless.
3. Hospitality - Touchless payments can enhance the safety and convenience of transactions for customers in the hospitality industry, boosting consumer confidence in the industry.
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