China’s Obsession With QR Codes

Timmy Shen | Feb 17, 2018 1:00 pm | Add a comment | 3556 reads

This post comes courtesy of our content partners at TechNode.

It’s no secret that China remains a leading force in the mobile payments sector thanks to easy smartphone access. In 2016, the transaction volume of mobile payments in China has reached RMB 35.33 trillion (USD 5.61 trillion), and is projected to reach RMB 295.99 trillion (USD 47 trillion) in 2019, according to research firm Analysys (易观).

Simply by scanning QR codes, smartphone users can pay bills and purchase goods via mobile payment apps. Walking around the streets in China, you get a good sense as to how mobile payments and QR code technology have changed everyday life. Below are just a few examples of the myriad of places you may find a handy QR code to pay for goods.