The major economies of the Association of Southeast Asian Nations — Indonesia, Malaysia, Singapore, Thailand, Vietnam and the Philippines — are linking their QRs for the 18 million intra-regional tourists who spend around $19 billion annually. Assuming that it is able to capture 15% to 20% of transactions, ASEAN QR would facilitate $4 billion in consumer expenditure and inspire the rest of the world, according to the Boston Consulting Group.
A move toward integrating disparate apps so that one day a single QR will work anywhere in the world should lead to a vast open loop in which even the smallest of businesses can go cashless and accept funds from any customer, local or foreign
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