PayPal Rolls Out QR Codes to Facilitate Touch-Free Payments Amid COVID-19

PayPal (NASDAQ: PYPL) announced on Tuesday that it has rolled out QR codes within the PayPal app in 28 markets around the world, permitting buy or sell transactions "in a health-conscious, safe, and secure way," thereby helping both merchants and customers adhere to social-distancing guidelines. John Kunze, senior vice president of branded experiences, acknowledged that the company has experienced a surge in demand for digital payments that included "new and safe solutions for in-person environments and situations."

"Our rollout of QR codes for buyers and sellers incorporates the safety, security, and convenience of using PayPal in person and enables ongoing social distancing requirements and safety preferences for in-person commerce," Kunze said.

Image source: Getty Images.