NFC or QR codes? Both have a path forward in mobile payments

DATE: Fri, Aug 15, 2025
PUBLICATION: American Banker

In the earliest days of mobile wallets, there was much debate over whether to focus on using QR codes — which can be displayed on any phone’s screen — or to wait for more phones to support Near Field Communication, which provides a more streamlined experience. The biggest concern was betting on the wrong horse.