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QR Code Payment

What is it?

QR code payment is a way to pay for goods or services using a QR code. Users scan the code with their smartphone to make a payment.


Tech Understandability: Beginner


Simple One-Sentence Definition

QR code payment lets you pay by scanning a square barcode.


Analogy or Comparison

It is like using a library card to check out a book, but instead, you are paying for items.


Why it matters?

QR code payments make transactions fast and easy. They help reduce the need for cash.


Fun Fact

QR codes were first invented in 1994 for tracking car parts in Japan.


Related Terms

Mobile Payment: Mobile payment is paying for goods or services using a smartphone or tablet.

Digital Wallet: A digital wallet is an app or online service that stores payment information for easy transactions.

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