Strong QR Code Payments with Q2 Earnings PayPal

PayPal has started rolling out its QR code-based touchless payment solutions to small and micro merchants across 28 countries. The firm is seeing considerable penetration for the solution among more than 100 large U.S. and European enterprise merchants, he said.

'This isn’t just about payment or just about scanning a QR code,” CEO and President Dan Schulman said in announcing the results. “This is about the value proposition around that, and being able to use your wallet and fully tap any of the funding instrument — including your rewards points — in a way that [will] work with any handset.'