The number of purchases and turnovers of payments using QR codes increased by 1.5 times more, says Tinkoff Business
Purchases made by Tinkoff Bank clients with the use of QR codes increased fivefold in 2023, and by 23 times in 2021, according to a research by Tinkoff Business.
“In 2023, buyers made five times more purchases using QR codes than in 2022 and 53 times more than in 2021. In 2023, turnovers of payments with the use of QR codes turned out to be four times larger than in the last year and 15 times than in 2021. According to forecasts of the ETNA artificial intelligence-based service for analytics and forecasting, the number of purchases and turnovers of payments using QR codes will increased by 1.5 times more (or by 50%),” the research says.
It adds that calculations were made using data of payment transactions of more than 40 million retail clients and turnovers of business clients of Tinkoff in 33 retail business categories from January 2023 to February 2024.
