In 2020, PayPal launched a QR code feature which is now integrated into the Zettle POS app
The Big Issue Group has revealed that vendors can now offer PayPal QR Code payments to their customers. That’s ensuring that they can respond to the need for touch-free, digital payments given our new norm during the COVID-19 pandemic.
According to the press release, a vendor offering cashless payments will sell up to 30% more magazines using the Zettle card reader, than a vendor that is only accepting cash.
In fact, before March 2020, 193 Big Issue vendors were offering cashless payments. That number is now 594 and rising, resulting in a 208% increase YoY.
During lockdown The Big Issue helped 636 vendors get set up with smartphones to help them get cashless-ready, taking the number of vendors with smartphones from 515 to 1,150.
In order to meet the shift in consumer behavior and respond to the pandemic, the organization accelerated the drive to rollout contactless payment technology to as many vendors as possible to help increase sales out of lockdown, given social distancing being in place and customers being less likely to carry cash.
We’ve reported that PayPal and Fiserv teamed up to push QR code payments.