How Scan to Pay is unleashing the power of QR code payments in South Africa
The QR code payment industry has seen a surge in adoption in recent years, with estimates suggesting a global market value of USD$9.98 billion in 2022. QR codes are seeing a marked increase in popularity in South Africa as well, says Pieter Roux, President Payment Strategy at Ukheshe.
From the brand evolution of Masterpass to Scan to Pay, Powered by Ukheshe, our Scan to Pay data shows a growing demand for mobile payments as more consumers use their mobile devices – from entry-level devices to high-end smartphones – for payments with an average of 12 million transactions per month.
QR codes are a powerful method of digital enablement as they work on almost any mobile handset with a camera which allows almost anyone to scan a QR code. However, what makes Ukheshe’s Scan to Pay so unique is ...