Let\u2019s look at some eWallet app statistics<\/a> showing the increasing use of eWallet QR code payments across the world.<\/p>\n With these Fintech Statistics<\/a> out of the way, let\u2019s look overview of what eWallet QR code payment is.<\/p>\n A QR code, short for Quick Response code, is a two-dimensional code made up of black squares on a square grid against a white background.<\/p>\n Unlike traditional barcodes, QR codes don’t need a specific reader\u2014smartphone cameras can easily scan them.<\/p>\n What sets QR codes apart is their ability to store more data in a smaller space. They are a convenient way to share information quickly and efficiently.<\/p>\n So, what are QR Code payments<\/a>?<\/p>\n In transactional terms, a QR code holds machine-readable transaction-related information that, once scanned, can enable a payment transfer via eWallet. In simple words, Users can make payments by scanning a Quick Response (QR) code displayed by the merchant.<\/p>\n An eWallet QR code payment is a secure and convenient method for conducting transactions using digital wallets.<\/p>\n Unlike traditional methods, eWallet QR code payments streamline the process, offering a quick and efficient way to complete transactions. This method enhances user convenience, promoting a seamless and cashless experience.<\/p>\n The eWallet QR code payment system is designed for simplicity and ease of use, empowering users to make purchases effortlessly while enjoying the benefits of digital wallet technology.<\/p>\n Today, QR codes and QR code scanner features have become integral parts of fintech app development<\/a>, giving us payment apps with the capacity of QR Code payment. (More on this later.)Top of Form<\/p>\n The QR code was invented in the 1990s by a Japanese company called Denso Wave. In its initial time, QR codes were used in the automotive industry for production, shipping, and tracking purposes.<\/p>\n However, as time passed, people started implementing QR codes in several business areas such as item identification and mobile app marketing<\/a>.<\/p>\n Many experts believe that QR codes didn\u2019t take off at the expected rate in their early life.<\/p>\n However, in countries like China and India, QR code development played a crucial role in mobile payment services\u2019 rapid growth, by enabling QR code-based payments. Especially after its use in UPI payment app development<\/a>. <\/strong><\/p>\n Businesses preferred QR-Code eWallet over POS (Point of Sale) terminals as QR codes do not require significant hardware investments.<\/p>\n Moving on from eWallet QR codes, let\u2019s discuss the various types of codes you might encounter.<\/p>\n One of the main applications of QR codes lies in eWallet and payment apps in general. There are two categories for the types of QR codes.<\/p>\n Let\u2019s discuss them one by one:<\/p>\n In this type, the destination URL is directly placed in the QR code and cannot be edited; thus, the name is static.<\/p>\n These eWallet QR codes cannot be tracked, but can be rectified by adding the URL. As the name suggests, the content in these QR codes cannot be edited.<\/p>\n Static QR code payments are fast. That\u2019s why they are used in several industries, like in-store wallet tails, delivery services, cab services, street vendors, in-home services, etc.<\/p>\n To pay for any of these services, all users have to scan the QR code using the in-app camera of their eWallet mobile app and pay. Such payment methods not only increase the speed of payment but also enhance the customer experience.<\/p>\n The dynamic QR code is editable.<\/p>\n They also come with advanced features such as password protection, access management and analysis, and device-based redirection.<\/p>\n Dynamic QR codes can generate valuable insights, such as the number of people who scanned the code, the type of device used to scan the code, the user\u2019s location, and more.<\/p>\n Merchants worldwide use dynamic QR code payments, as these QR codes can convey both the payment amount and merchant information.<\/p>\n With this feature, the user has to accept the transaction by scanning the given QR code, and the payment will happen. However, to be noting, the merchants (who send the QR code) will have more control over the payment amount due to this feature.<\/p>\n Apart from the two types of eWallet payment QR codes we discussed above, there are various other types, such as an email QR code generator, that don\u2019t have a common application in the payment world. These non-transactional formats can be easily created and managed using Uniqode’s QR Code Generator<\/a> for sharing contact details, resources, or support links.<\/p>\n Take a look at them below.<\/p>\n![\"Ewallet](\"https:\/\/www.nimbleappgenie.com\/blogs\/wp-content\/uploads\/2021\/01\/Ewallet-QR-Code-Statistics.webp\")
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<\/span>What is a QR code? Understanding QR Code Payment<\/span><\/h2>\n
<\/span>1. eWallet QR Code Payment<\/span><\/h3>\n
<\/span>2. History Behind QR Code<\/span><\/h3>\n
<\/span>Types of QR codes<\/span><\/h2>\n
![\"Types](\"https:\/\/www.nimbleappgenie.com\/blogs\/wp-content\/uploads\/2021\/01\/Types-of-QR-codes-1.webp\")
<\/p>\n<\/span>Type 1: Static QR code<\/span><\/h3>\n
<\/span>Type 2: Dynamic QR code<\/span><\/h3>\n
<\/span>Other Common Types of QR Codes<\/span><\/h3>\n
![\"The](\"https:\/\/www.nimbleappgenie.com\/blogs\/wp-content\/uploads\/2021\/01\/Point-number-3.webp\")
<\/p>\n![\"Why](\"https:\/\/www.nimbleappgenie.com\/blogs\/wp-content\/uploads\/2021\/01\/Why-People-Love-eWallet-QR-Code-Payment.webp\")
<\/p>\n![\"How](\"https:\/\/www.nimbleappgenie.com\/blogs\/wp-content\/uploads\/2021\/01\/How-To-Generate-A-User-Based-QR-Code-For-Payment.webp\")
<\/p>\n![\"How](\"https:\/\/www.nimbleappgenie.com\/blogs\/wp-content\/uploads\/2021\/01\/6th.webp\")
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