Definition of QR Code
A QR code (Quick Response code) is a type of matrix barcode that can be scanned using a smartphone or a dedicated QR code reader. It contains data that redirects users to websites, displays text, adds contacts, or even makes payments.
Origin of QR Codes
Developed in 1994 by the Japanese company Denso Wave, QR codes were initially created for tracking automotive parts. Their ability to store more data and their quick readability compared to traditional barcodes led to their widespread adoption.
Is Using a QR Code Safe?
Generally, using QR codes is safe, but caution is necessary. Scanning a malicious QR code can lead to phishing websites or automatically downloading harmful software. Always verify the source before scanning, especially in unfamiliar or suspicious locations.
Why QR Codes are Favored for Financial Payments
QR codes are popular for financial transactions because they simplify the payment process. They allow quick, contactless payments by scanning the code, which automatically transfers payment details. This reduces errors, speeds up transactions, and enhances convenience for both merchants and customers.
(Image Ref: NPCI)
In summary, QR codes are versatile tools that have become integral in various sectors, especially in facilitating secure and efficient financial transactions.
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