The Latin America, Middle East and Africa QR Code Payment Market would witness market growth of 20.8% CAGR during the forecast period (2025-2032).
The Brazil market dominated the LAMEA QR Code Payment Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of USD 1,403.5 Million by 2032. The Argentina market is showcasing a CAGR of 22.2% during (2025 - 2032). Additionally, The UAE market would register a CAGR of 19.9% during (2025 - 2032). The Brazil and UAE led the LAMEA QR Code Payment Market by Country with a market share of 25.5% and 17.7% in 2024.
The LAMEA QR code payment market has grown quickly thanks to a mix of national instant payment programs, financial inclusion programs, and updates to the rules. Brazil's Pix and Mexico's CoDi have set standards in Latin America by making QR a standard way to send money between accounts. This lets customers and businesses make free, instant, and 24/7 transactions. These systems make people less reliant on card terminals and make it easier for small businesses to adopt them at a low cost. QR adoption in the Middle East is part of a larger effort to go digital. For example, Saudi Arabia's "mada" and Bahrain's BenefitPay use QR codes for in-store and bill payments. Countries in Africa, such as Nigeria, Kenya, Egypt, and South Africa, are setting up national QR standards to make sure that QR codes can be used in more places, improve security, and make QR codes more widely accepted in stores, utilities, and public services.
The market trends show that QR is becoming more integrated with national instant payment systems, is becoming more standardized so that it can work with other systems and is expanding into public services and cross-border situations. Brazil's Pix and Mexico's CoDi show how QR can make it easy to make regular payments and send money right away without needing special hardware. Regulatory frameworks in Kenya, Nigeria, and Egypt make sure that QR adoption is safe, open to everyone, and in line with best practices around the world. Competition in the LAMEA market is becoming more app-focused. Instead of owning the QR infrastructure, providers are setting themselves apart by offering better user experiences, merchant tools, fraud prevention, and new services.
Based on Solution Type, the market is segmented into Dynamic QR code and Static QR code. With a compound annual growth rate (CAGR) of 21.4% over the projection period, the Dynamic QR code Market, dominate the South Africa QR Code Payment Market by Solution Type in 2024 and would be a prominent market until 2032. The Static QR code market is expected to witness a CAGR of 22.7% during (2025 - 2032).
Based on Payment Type, the market is segmented into Push Payment and Pull Payment. The Push Payment market segment dominated the UAE QR Code Payment Market by Payment Type is expected to grow at a CAGR of 19.6 % during the forecast period thereby continuing its dominance until 2032. Also, The Pull Payment market is anticipated to grow as a CAGR of 20.3% during the forecast period during (2025 - 2032).
Based on End-user, the market is segmented into Restaurant, Retail & E-commerce, E-ticket Booking, and Other End-user. Among various Brazil QR Code Payment Market by End-user; The Restaurant market achieved a market size of USD $368.8 Million in 2024 and is expected to grow at a CAGR of 18.4 % during the forecast period. The E-ticket Booking market is predicted to experience a CAGR of 20.1% throughout the forecast period from (2025 - 2032).
Free Valuable Insights: The Worldwide QR Code Payment Market is Projected to reach USD 48.59 Billion by 2032, at a CAGR of 19.4%
Pix is the Central Bank's real-time QR payment system that works with both static and dynamic QR codes across banks and fintechs. This means that almost all businesses, from small ones to big ones, accept it. QR turns smartphones into instant payment terminals with static codes for in-person payments and dynamic codes for online shopping. This lets payments be settled 24 hours a day, seven days a week, at no cost to consumers and low cost to merchants. Key features like Pix Cobrança, Pix Saque/Troco, and aliasing make payments easier and encourage people to use them. By 2024–2025, Pix has more volume than cards and cash, and competitors are focusing on wallet and app experiences instead of rails.
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