Paying With a QR Code – BNPL or Buy Now Pay Later

By | February 13, 2022

How To Pay With A QR Code (and pay later)

Nice writeup on PaymentDive on Paypal

Dive Brief:

  • PayPal, an online payment provider, expects the popularity of QR codes and buy now-pay later options to rise because the pandemic has changed consumers’ payment preferences.
  • Since PayPal’s launch of QR code payments for businesses last May, many merchants have adopted the low-cost contactless payment option. In Q1 2021, the company added a merchant to its QR code payment option every 28 seconds, PayPal CEO Dan Schulman said during the Q1 2021 earnings call.
  • The BNPL payment option is also gaining traction among PayPal users, attracting 3.3 million unique customers and 330,000 merchants in the U.S. and U.K. since its launch in August 2020.
Dive Insight:
Read writeup on PaymentDive
Author: Retail Systems

Craig Allen Keefner is an influential figure in the self-service technology industry, best known for his leadership in kiosks, digital signage, and retail automation. Based in Denver, Colorado, Keefner has managed the Kiosk Industry Group (Kiosk Manufacturer Association) since 2014, supporting self-service professionals and overseeing projects in kiosks, point-of-sale systems, thin client technology, and related fields.​ Over his career, Keefner has served in various executive and managerial roles—including as owner and CEO of pioneering kiosk and retail tech companies, as well as managing key industry websites such as kioskindustry.org and thinclient.org. His experience also includes significant contributions to the deployment and advancement of interactive technology in healthcare, retail, and smart cities.​ Keefner holds a BA from the University of Tulsa and has earned credentials in electronics and technology from institutions like the Missouri Institute of Technology and DeVry. Often recognized as “Mr. Kiosk,” he is noted for his expertise, industry advocacy, and innovation in digital self-service solutions