#BigTech #PayTech / Apple Pay Eyeing QR Code Transactions

Apple Pay users may soon be able to use a feature in the Wallet app to make payments by scanning a QR code.

AppleInsider reports the new method would no longer require near field communication (NFC), the wireless data transfer that enables nearby devices to communicate without an internet connection.

A code detected in iOS 14 revealed Apple is working on an alternative method for letting users make payments with Apple Pay by scanning a QR or a traditional barcode with an iPhone camera… When a user scans the code in-store, it instructs the Wallet app to perform the transaction with Apple Pay’s servers over its cell network.

https://www.pymnts.com/apple-pay-tracker/2020/apple-pay-eyeing-qr-code-transactions/