Authenticate payments faster with QR codes

QR codes are experiencing a resurgence in popularity due to their convenience and widespread use on smartphones. In the UK, 80% of consumers have scanned a QR code at least once, with 40% doing so within the last week. This trend is expected to continue as more people adopt contactless payment methods amidst COVID-19 restrictions. QR codes are now being utilized by companies like Plaid to streamline financial transactions and improve user experience. By enabling users to authenticate payments through their mobile devices, QR code authentication eliminates cumbersome verification processes on desktop platforms. This technology is already being implemented by businesses such as Receipt Bank, which uses it for smoother web payment management.