Future Forum | Bank of England

The rise and rise of Quick Response codes

by
Sabrina Rochemont
Sabrina Rochemont | 3 weeks ago | in Money, Money, Money

Quick Response codes (QR codes) feature as a popular and widely adopted technology as part of the digital economy and payment system. They have been widely adopted in Asia. Would they be useful in the UK? 

The below paper seeks to understand the phenomenal rise of QR codes use by:

• Explaining the historical development of QR codes;

• Exploring the reasons why QR codes have become popular;

• Highlighting QR codes in a cashless society, particularly in payment systems;

• Considering issues related to the use of QR codes in payment systems.

 

 

 

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