Payments News

Near Field Or Quick Response?

Mar 01, 2019

As if the payments business wasn’t enough of an alphabet soup, QR codes are now vying with NFC for dominance in mobile payments. Which technology will win out at the point of sale?

In the United States, unlike many other parts of the world, near-field communication has been the favored technology for linking mobile wallets to point-of-sale equipment. And NFC may be almost assuredly on the cusp of adding to its U.S. dominance.

But with the arrival in the U.S. market of China’s huge Alipay wallet and its technology based on Quick Response codes, it may be imprudent to dismiss QR systems as a basis for mobile payments.

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