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The Reserve Bank of India barred payment firms from issuing proprietary quick-response (QR) codes and asked them to switch to at least one interoperable QR code to improve ease of use by March 31, 2022. At present, only two interoperable codes exist: the Unified Payments Interface and Bhara. Payments firms also issue proprietary QR codes to merchants that accept digital payments from specific mobile applications, making them unusable for other customers. To curb this, the central bank said no new proprietary QR codes shall be launched by any payment system operator.

"QR code payments lower payment costs for commercial customers, enable them to get their money faster, make reconciliation easier and provide a seamless payment experience for their customers. Financial institutions looking to offer innovative, high value payment methods to their commercial customers can test QR code payment use cases, solution providers and strategies today in a closed-loop environment. As RTP and FedNow gain traction in the U.S., financial institutions with QR code payment know-how can enhance their instant payments offering with QR codes to differentiate, and ultimately win new business."

"Due to the COVID-19 induced economic crisis, small and medium-sized businesses, as well as buyers, will benefit from the spread of digital payment systems based on QR codes. It is in these groups that the main costs of the cashless world are now born. Large retail chains always have lower commission costs than smaller stores around the corner. Buying terminals for a small business is also a greater financial burden than for huge corporations. Regarding the effect of COVID-19 crisis on SMEs, QR codes are able to solve all current issues at once. If we analyze the potential through the prism of B2B, then payments can be digitized, simplified, streamlined and secured. In addition, QR codes give unbanked people access to digital non-cash payments, increasing the inclusivity of the financial industry. It's not just for the inhabitants of countries with developing economies, either, with the Financial Conduct Authority estimating that there are 1.3m people without a bank account in the UK alone, with those numbers concentrated in big cities."

The Central Bank of Nigeria (CBN) released new guidelines for quick response code (QR) payments and a regulatory sandbox. The sandbox will provide firms with a central bank-supervised environment to test new financial products and services. The new QR code framework will promote the use of electronic payments. https://www.cbn.gov.ng/Out/2021/CCD/FRAMEWORK%20FOR%20QUICK%20RESPONSE%20(QR)%20CODE%20PAYMENTS%20IN%20NIGERIA.pdf https://www.cbn.gov.ng/Out/2021/CCD/FRAMEWORK%20FOR%20REGULATORY%20SANDBOX%20OPERATIONS.pdf

Facebook confirmed it's testing a new QR code feature and payment links for use with Facebook Pay to make it easier for people in the U.S. to send or request money from one another. The QR code feature, similar to Venmo's QR codes and others, will allow a user to scan a friend's code with their smartphone's camera to send or request money, while the sharable payment links will let you publish your payment address outside of Facebook itself.

Bank Negara Malaysia and the Bank of Thailand launched a cross-border QR payment linkage between Malaysia and Thailand. Under this first phase, users in Thailand can use their mobile payment applications to scan DuitNow QR codes to make payment to merchants in Malaysia. Under phase two, users in Malaysia will be able to use their mobile payment applications to scan Thai QR codes to make payment to merchants in Thailand. The last phase of the linkage will be expanded to include cross-border remittances.

Bank Negara Malaysia and Bank Indonesia launched a cross-border payment pilot, through which Malaysian and Indonesian users can make retail payments by scanning merchants' DuitNow or QRIS (Quick Response Code Indonesian Standard) QR codes. Full launch is expected in 2022Q3. Phase 2 of a similar linkage between Malaysia and Thailand also went live this week. Phase 1, launched in June 2021, allowed Thai users to use DuitNow QR codes to pay Malaysian merchants. Phase 2 will allow Malaysian users to scan Thai QR codes to pay Thai merchants.

The Philippines is anticipated to launch a standardised QR code for payments by September, according to a report by Philstar. The plan to standardise QR payments in Philippines was first announced by the late BSP Governor Nestor A. Espenilla, Jr in July last year.

Bank Indonesia (BI) has reportedly announced the start of a trial of cross-border QR code payments with Singapore. The project, first announced by the Monetary Authority of Singapore (MAS) in August 2022, is aimed at allowing users to make instant, secure payments by scanning the Quick Response Code Indonesian Standard (QRIS) or NETS QR codes displayed by merchants. BI deputy governor Filianingsih Hendarta reportedly has said that the project is halfway to completion with three-quarters of the beta testing completed.

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have commenced work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort. This linkage, which is targeted to be launched in the second half of 2023, will allow users to make instant, secure, and efficient retail payments by scanning the QRIS (Quick Response Code Indonesian Standard) or NETS QR codes displayed by merchants.

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore. This linkage enables customers of participating financial institutions to make seamless cross-border retail payments using their existing mobile banking applications to scan QRIS (Quick Response Code Indonesian Standard) or NETS QR codes displayed by merchants in Indonesia and Singapore respectively.

The HKMA and the Bank of Thailand launched the FPS x PromptPay Link for cross-border QR payment between Hong Kong and Thailand. This provides a fast, secure and easily accessible cross-border retail payment service to people travelling between Hong Kong and Thailand, who will be able to make retail payments by using their mobile payment applications to scan the Hong Kong FPS QR code and Thai PromptPay QR Code displayed by merchants respectively. Merchants will be able to receive their funds immediately.

"The diversity of payment options has changed dramatically in the fast-paced world of digital transactions. Two popular rivals have emerged among the different choices available: QR Payment and Tap and Pay. Each method has its benefits and reasons, allowing consumers to choose the best option for payment for their needs. We will explore the features of both QR Payment and Tap and Pay in this article to assist you in making informed decision-making."

Wych have designed a donation model based on QR code technology. With the public already using QR codes, it provided a sensible solution to make it easy for generous kiwis to scan and donate. The generation of Wych's localized codes will allow 80 different areas around New Zealand to raise support through card based donations and the money will directly impact the community they are in. This is not an entirely new idea. I have seen it in operation by panhandlers in China on the AliPay and WeChat Pay platforms.

Cambodian tourists visiting Thailand will now be able to use the mobile payment app to scan QR codes in Thailand, whereas Thai tourists should expect to be able to scan QR codes in Cambodia by the third quarter of 2020.

"A smart banknote is a physical banknote that interacts with a CBDC solution and acts as a transitional device between traditional and CBDC based payment systems. A smart banknote can be used like a classic banknote; however, the owner can redeem his cold wallet (physical banknote) and transfer the note's value to a digital wallet by scanning the QR code with the private key. Our smart banknote includes a public and a private key represented by QR codes of which the private one is sealed. When the cover of the private key is removed, the QR code scanned, the value of the banknote can be transferred to a digital wallet. Conceptually after this procedure, the smart banknote cannot be transferred anymore."

"Orell Füssli Ltd. Security Printing and AUGENTIC GmbH announced their partnership on a "Smart Banknote CBDC" solution including trustwise.io´s Distributed Ledger Technology (DLT) a week ago. A smart banknote is a physical banknote that interacts with a CBDC solution and acts as a transitional device between traditional and CBDC based payment systems. A smart banknote can be used like a classic banknote; however, the owner can redeem his cold wallet (physical banknote) and transfer the note's value to a digital wallet by scanning the QR code with the private key. Our smart banknote includes a public and a private key represented by QR codes of which the private one is sealed. When the cover of the private key is removed, the QR code scanned, the value of the banknote can be transferred to a digital wallet. Conceptually after this procedure, the smart banknote cannot be transferred anymore."

Bank for International Settlements staff, using a dataset of around half a million Chinese firms that use the AliPay QR code-based mobile payment system, found that (i) the creation of a digital payment footprint allows firms to access credit provided by the same big tech company; (ii) transaction data generated via QR code generate spillover effects on access to bank credit; and (iii) there are positive effects of access to big tech credit on sales, including during the Covid-19 shock. The findings suggest that access to innovative payment methods helps micro firms build up credit history, and that using big tech credit can ease access to bank credit.

"Orell Füssli Ltd. Security Printing and AUGENTIC GmbH announced their partnership on a "Smart Banknote CBDC" solution including trustwise.io´s Distributed Ledger Technology (DLT) a week ago. A smart banknote is a physical banknote that interacts with a CBDC solution and acts as a transitional device between traditional and CBDC based payment systems. A smart banknote can be used like a classic banknote; however, the owner can redeem his cold wallet (physical banknote) and transfer the note's value to a digital wallet by scanning the QR code with the private key. Our smart banknote includes a public and a private key represented by QR codes of which the private one is sealed. When the cover of the private key is removed, the QR code scanned, the value of the banknote can be transferred to a digital wallet. Conceptually after this procedure, the smart banknote cannot be transferred anymore."

Bank Indonesia (BI) and Bank Negara Malaysia (BNM) launched the Indonesia-Malaysia cross-border QR payment linkage on May 8, 2023. This follows from the successful completion of the pilot phase announced on January 27, 2022. The full launch sees the number of participating financial institutions, including non-banks, increase. This will enable more Indonesians and Malaysians to make instant retail payments in either country by scanning Quick Response Code Indonesian Standard or Malaysian DuitNow QR codes at physical stores or online merchants.​