Japan has had mobile NFC payments for over a decade now (back to the dumbphone era), and while it's heavily adopted by chain stores; smaller shops, restaurants and bars have never really adopted it due to the onerous setup, hardware, etc.
In the past 6 months or so (so basically overnight), a QR payment system (PayPay) has gotten massive adoption. They did this in two ways: a massive expensive signup campaign (20% cashback on all purchases deal), and the fact that any tiny back-alley bar can just install the app, link their bank account, and print out a QR code and now they're accepting payments.
The big advantage for QR is the quick and cheap deployment process.
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Japan has had mobile NFC payments for over a decade now (back to the dumbphone era), and while it's heavily adopted by chain stores; smaller shops, restaurants and bars have never really adopted it due to the onerous setup, hardware, etc.
In the past 6 months or so (so basically overnight), a QR payment system (PayPay) has gotten massive adoption. They did this in two ways: a massive expensive signup campaign (20% cashback on all purchases deal), and the fact that any tiny back-alley bar can just install the app, link their bank account, and print out a QR code and now they're accepting payments.
The big advantage for QR is the quick and cheap deployment process.
Ok but it’s a worse experience for the customer.
NFC is a superior technology regardless.