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November 3, 2020

QR Code Payments 101 with Youtap

China has utilized QR codes to send and receive payments since early 2010. 100% of the Chinese population now use them.  

QR (Quick Response) codes are facilitating retail payments. They were initially established as a tool for tracking automobile machine parts. Digital wallets have accelerated the rise of QR codes in payments as part of their widespread adoption. QR codes' growth has been high due to their inexpensive form factor, ability to be rolled out quickly, and ease of use. Today, prominent QR code use cases, including merchant payment deployments and COVID-19 Tracer Apps, are visible globally.

Companies like Youtap, Grab, and Paypal help businesses to accept payments without the need for physical currency or contact. This has become especially important in a post-Covid world where consumers are even more cautious than ever before.

Youtap QR Code
Youtap's QR Code

Youtap has been at the forefront of working with regulators worldwide on the design and implementation of EMV standards for QR code payments.

Contactless QR code payments are rapidly being adopted worldwide as an alternative to traditional forms of payment, including USSD push, swipe, and chip, with these forms of payment being deemed slow, laborious, and delivering a poor merchant and user experience. With the proliferation of smartphone adoption in emerging markets now reaching more than 70%, Youtap helps e-Money Wallet Providers and Telco Mobile Money wallet providers adopt the QR code standard speeding up merchants' digitization and the move across the world to going cashless.

So what are the benefits of QR code technology:

  • A QR code can be printed and displayed anywhere, outside a shop, on a website, on a countertop, in an email, or as part of an advertisement. With COVID -19, customers can complete a payment from a safe distance.
  • Dynamic QR codes are generated and scanned using the customers' mobile phone, with the customer being in complete control of the payment transaction.
  • All information related to a QR code payment is encrypted to the EMV standards, making them more secure than an NFC card payment.

We see this shift to the cashless society in the markets we operate in. Our team in Indonesia recently partnered with McDonald's to drive a record promotion culminating in over 250,000 burgers sold in a single day. This is just one illustration of this shift to cashless payments. Youtap provides QR code payment processing across Indonesia.  

Youtap is driving the EMV QR code standards with the Central Bank of Indonesia. This has enabled merchants to have a single QR code on display. e-Money Wallet providers, Scheme Card providers, Banks, and independent payment service providers now offer a range of digital wallets, digital payment, and digital commerce offerings accepted in these merchants.

At the global level, growth of 300% is expected over the next five years. More merchants will begin relying on this technology; QR codes on mobile devices will pass 5 billion by 2022, and the growth of QR coupons redeemed through mobile will reach more than 5.3 billion by 2022.

With growth like this, it is incumbent that banks, MNOs, and wallet providers embrace a QR Code payment strategy and implementation to harness this shift and continue growing. 


With a culture of offering innovative payment solutions, Youtap provides a unique interoperable mobile payment platform. This platform enables banks, wallet providers and fintechs to make payments, transfer money between their users independently of their wallet platform (service provider). Also, this solution offers comprehensive QR code payment capabilities among other mobile capabilities.

At Youtap we believe in the power of digital payments. Get in touch with us to learn more about how Youtap can power your interoperable payment use cases.

November 3, 2020

QR Code Payments 101 with Youtap

China has utilized QR codes to send and receive payments since early 2010. 100% of the Chinese population now use them.  

QR (Quick Response) codes are facilitating retail payments. They were initially established as a tool for tracking automobile machine parts. Digital wallets have accelerated the rise of QR codes in payments as part of their widespread adoption. QR codes' growth has been high due to their inexpensive form factor, ability to be rolled out quickly, and ease of use. Today, prominent QR code use cases, including merchant payment deployments and COVID-19 Tracer Apps, are visible globally.

Companies like Youtap, Grab, and Paypal help businesses to accept payments without the need for physical currency or contact. This has become especially important in a post-Covid world where consumers are even more cautious than ever before.

Youtap QR Code
Youtap's QR Code

Youtap has been at the forefront of working with regulators worldwide on the design and implementation of EMV standards for QR code payments.

Contactless QR code payments are rapidly being adopted worldwide as an alternative to traditional forms of payment, including USSD push, swipe, and chip, with these forms of payment being deemed slow, laborious, and delivering a poor merchant and user experience. With the proliferation of smartphone adoption in emerging markets now reaching more than 70%, Youtap helps e-Money Wallet Providers and Telco Mobile Money wallet providers adopt the QR code standard speeding up merchants' digitization and the move across the world to going cashless.

So what are the benefits of QR code technology:

  • A QR code can be printed and displayed anywhere, outside a shop, on a website, on a countertop, in an email, or as part of an advertisement. With COVID -19, customers can complete a payment from a safe distance.
  • Dynamic QR codes are generated and scanned using the customers' mobile phone, with the customer being in complete control of the payment transaction.
  • All information related to a QR code payment is encrypted to the EMV standards, making them more secure than an NFC card payment.

We see this shift to the cashless society in the markets we operate in. Our team in Indonesia recently partnered with McDonald's to drive a record promotion culminating in over 250,000 burgers sold in a single day. This is just one illustration of this shift to cashless payments. Youtap provides QR code payment processing across Indonesia.  

Youtap is driving the EMV QR code standards with the Central Bank of Indonesia. This has enabled merchants to have a single QR code on display. e-Money Wallet providers, Scheme Card providers, Banks, and independent payment service providers now offer a range of digital wallets, digital payment, and digital commerce offerings accepted in these merchants.

At the global level, growth of 300% is expected over the next five years. More merchants will begin relying on this technology; QR codes on mobile devices will pass 5 billion by 2022, and the growth of QR coupons redeemed through mobile will reach more than 5.3 billion by 2022.

With growth like this, it is incumbent that banks, MNOs, and wallet providers embrace a QR Code payment strategy and implementation to harness this shift and continue growing. 


With a culture of offering innovative payment solutions, Youtap provides a unique interoperable mobile payment platform. This platform enables banks, wallet providers and fintechs to make payments, transfer money between their users independently of their wallet platform (service provider). Also, this solution offers comprehensive QR code payment capabilities among other mobile capabilities.

At Youtap we believe in the power of digital payments. Get in touch with us to learn more about how Youtap can power your interoperable payment use cases.