Comparative Technical Analysis of QR Code and NFC in Contactless Payments
Mohammed Jubur · 2024
In the rapidly evolving landscape of digital finance, Quick Response (QR) code and Near-Field Communication (NFC) payment systems have emerged as key technologies, driving the transition towards more efficient, secure, and user-friendly transaction methods. This paper offers a comprehensive examination of QR code and NFC payments, focusing on their usability, efficiency, and security aspects. Through a detailed comparison, we explore the operational mechanics, benefits, and challenges associated with each technology, highlighting their implications for consumer adoption and transaction security. Our analysis reveals distinct advantages and vulnerabilities, underscoring the importance of continuous innovation and robust security measures to mitigate potential risks. The paper concludes with forward-looking insights, suggesting that the integration of emerging technologies such as biometric authentication and blockchain could further enhance the security and usability of digital payments. Our findings aim to contribute to the ongoing development of digital payment systems, offering valuable perspectives for both practitioners and researchers in the field of digital finance.