PayPal rolls out global QR code payment system 2020

PayPal has rolled out the ability to use a QR code to buy and sell goods in 28 markets around the globe.

From farmers markets to selling secondhand goods – the rollout of the QR code functionality in the PayPal app allows customers to buy or sell in-person.

Using the QR code functionality in the PayPal app allows a transaction in-person utilising the wallet. For example, customers who are selling items in-person can print a QR code, place it in their vicinity and have consumers simply scan, enter the amount they’re paying and send money immediately.

This allows the seller to minimise physical interactions with the customer, while also limiting the customer’s interaction with checkout technology.

There is no technology to touch or purchase – just aim a smartphone camera at a QR Code that is printed or present on another screen.

For a buyer looking to pay, customers can go to the app, click ‘Send’ and tap the QR code symbol in the top right-hand corner. The camera will open, and customers can scan a seller’s QR code and follow the prompts to complete the transaction.

“We know that in the current environment, buying and selling goods in a health-conscious, safe and secure way is front of mind for many people around the world,” said John Kunze, Senior Vice President of Branded Experiences, PayPal.

“As the coronavirus pandemic has evolved, we have seen a surge in demand for digital payments to transition to include new and safe solutions for in-person environments and situations

PayPal is rolling this functionality out to 28 markets around the globe including: Australia, Austria, Belgium, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Slovakia, Sweden, Switzerland, Spain, United Kingdom, and United States.