Europe Qr Code Payments Market Size & Outlook, 2025-2033
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Europe qr code payments market highlights
- The Europe qr code payments market generated a revenue of USD 3,112.7 million in 2024.
- The market is expected to grow at a CAGR of 19.9% from 2025 to 2033.
- In terms of segment, solution was the largest revenue generating offerings in 2024.
- Services is the most lucrative offerings segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2025 to 2033.
Europe data book summary
| Market revenue in 2024 | USD 3,112.7 million |
| Market revenue in 2033 | USD 15,185.4 million |
| Growth rate | 19.9% (CAGR from 2025 to 2033) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | PaymentCloud, Clover, Revolut, Nearex, ACI Worldwide Inc, Ecentric, Block Inc Class A, UnionPay International, Line Pay, PayPal Holdings Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.8% of the global qr code payments market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 18,915.6 million by 2033.
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QR Code Payments Market Scope
QR Code Payments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Line Pay | View profile | 51-100 | Pathum Wan, Krung Thep, Thailand, Asia | https://line.me/en/pay |
| Ecentric | View profile | 101-250 | Cape Town, NA - South Africa, South Africa, Africa | http://www.ecentric.co.za/ |
| Nearex | View profile | 11-50 | Singapore, Central Region, Singapore, Asia | http://nearex.com/ |
| PaymentCloud | View profile | 51-100 | Encino, California, United States, North America | https://paymentcloudinc.com/ |
| UnionPay International | View profile | 501-1000 | Shanghai, Shanghai, China, Asia | http://www.unionpayintl.com/en |
| Revolut | View profile | 5001-10000 | London, England, United Kingdom, Europe | http://www.revolut.com |
| ACI Worldwide Inc | View profile | 3212 | 6060 Coventry Drive, Elkhorn, NE, United States, 68022 | https://www.aciworldwide.com |
| Clover | View profile | 11-50 | Bengaluru, Karnataka, India, Asia | https://www.clover.ag |
| Block Inc Class A | View profile | 12985 | 1955 Broadway, Suite 600, Oakland, CA, United States, 94612 | https://www.block.xyz |
| PayPal Holdings Inc | View profile | 27200 | 2211 North First Street, San Jose, CA, United States, 95131 | https://www.paypal.com |
Europe qr code payments market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to qr code payments market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 77.49% in 2024. Horizon Databook has segmented the Europe qr code payments market based on solution, services covering the revenue growth of each sub-segment from 2021 to 2033.
The European Payments Initiative (EPI) introduced Wero, an innovative digital wallet that is changing the way people in Europe transact. Following a successful launch in Germany in July 2024, the solution is now available in France, with plans to expand across Europe by 2026–2027.
Wero supports both in-person and online QR code payments and is built on SEPA instant transfer infrastructure. It aims to enhance cross-border payment efficiency, reduce dependence on global card networks, and strengthen Europe’s domestic payment ecosystem.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe qr code payments market , including forecasts for subscribers. This continent databook contains high-level insights into Europe qr code payments market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Europe qr code payments market size, by country, 2021-2033 (US$M)
Europe QR Code Payments Market Outlook Share, 2024 & 2033 (US$M)
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