QR code / Mobile pay code / Two-dimensional code

The possibilities of using QR codes are almost unlimited. In addition to games, advertisements, and promotional purposes, they also play an important role in mobile payments and customer identification.

Key related topics

Mobile payment NFC / Near-field communication Card company / Acceptance of cards

The spread of unique identifiers a with barcode began, but alongside it, other marking solutions have become commonplace, such as two-dimensional codes that can be used in many ways. The most common appearance of these is the QR code.

This type of code and its application is closely related to mobile technology, it is smartphones with its spread, as they are suitable for reading the codes and then displaying the contents accessible by the code. Two-dimensional codes can carry up to 2-3 thousand characters of information, can be read quickly and from afar, and can also be used in extra small sizes. On internet banking interfaces, we can often find, for example, for two-step customer identification used with tokens.

Nowadays, one of the most exciting areas of use for QR codes is the various fintech QR code payment are applications. In addition, the code can also contain information that for a website, a to podcast or leads to a YouTube short film or provides entry to an event. 

Last edited: August 28, 2022

Related topics

Fintech
Fintech QR code payment / QR code mobile payment Two-factor identification / Strong identification / Strong client authentication / SCA / Strong customer authentication

Recently viewed definitions

QR code / Mobile pay code / Two-dimensional codeOwn equityTotal cost of ownership / TCOCreditContactless card / Paypass / PaywaveROE / Return on EquityWTO / World Trade OrganizationP2P payment / Person to person paymentBank guaranteeBitcoinDistribution

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