The QR Code's history goes back to 1994, but it wasn't until the early 2010s, when most consumers had smartphones, that opportunities for retailers opened up. It started with third-party QR scanner apps, but in 2017, Apple released iOS 11, which offered a QR scanner via the camera. Earlier in the decade, in 2011, Alipay and WeChat Pay pioneered the use of QR Codes for digital payments, removing the need for a point-of-sale terminal.
Beyond payment, more retail stores began utilizing QR Codes for their loyalty programs, discount offers, and marketing opportunities. The COVID-19 pandemic further fueled their consumer-facing growth when more no-contact interactions were required.
The future of in-store shopping
Technological advances won't slow down, and consequently, in-person retail stores will have to keep pace and adapt to the growing use of new tools. QR payments are already highly integrated into the retail experience in China and are projected to continue growing in popularity in the U.S. More stores may also start using QR Codes to prevent product counterfeiting. And in true futuristic fashion, some retailers are even using QR codes to enable AR or VR on-site shopping experiences.
Services like Apple Pay and contactless credit cards with RFID and NFC technology are also steadily replacing traditional card readers. Big-box retailers have tested different concepts, such as smaller stores. Even an e-commerce giant like Amazon has experimented with physical retail spaces, such as Amazon Go stores, which allow customers to walk out with items and automatically charge their accounts
Several other developing technologies could shift the way retailers do business. Smart glasses could replace the smartphone's scanning functionality and allow shoppers to identify brands, prices, and available quantities for their desired products. With advanced analytics, consumers may walk into a store and instantly get recommendations based on their previous purchases and behavior.
Artificial intelligence may also have a prominent role in advertising and personalized shopping, potentially using consumer data to suggest everything shoppers need without them even asking. The future of in-store shopping is shaping up to be a blend of physical and digital.
Story editing by Carren Jao. Additional editing by Elisa Huang. Copy editing by Kristen Wegrzyn. Photo selection by Ania Antecka.