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The future of digital payments is increasingly leaning towards QR-based and peer-to-peer (P2P) payment systems. QR code payments allow consumers to make instant, secure payments by scanning a merchant's QR code with their mobile device, eliminating the need for physical cards or cash. QR codes are especially popular in countries like China and India, where they are widely accepted for both small and large transactions.

P2P payment systems like Venmo, PayPal, and Zelle have also revolutionized the way individuals transfer money to one another. These platforms enable users to send and receive funds quickly and securely using only a mobile phone number or email address. As P2P payments become more prevalent, they are increasingly used to split bills, pay for services, or transfer money to friends and family.

Both QR-based payments and P2P systems represent a shift towards more digital, frictionless transactions. As mobile technology improves and digital wallets gain popularity, these payment methods will continue to rise in prominence. However, challenges such as security, fraud prevention, and platform interoperability will need to be addressed to ensure the smooth adoption of these technologies.