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Although initially used to track parts in vehicle manufacturing, QR codes are used over a much wider range of applications, including commercial tracking, entertainment and transport ticketing, product and loyalty marketing (examples: mobile couponing where a company's discounted and percent discount can be captured using a QR code decoder which is a mobile app, or storing a company's information such as address and related information alongside its alpha-numeric text data as can be seen in Yellow Pages directory), and in-store product labeling.

Typically, a smartphone is used as a QR code scanner, displaying the code and converting it to some useful form (such as a standard URL for a website, thereby obviating the need for a user to type it into a web browser).This act of linking from physical world objects is termed hardlinking or object hyperlinking.QR codes also may be linked to a location to track where a code has been scanned.It will also have the capability of accepting payments on the unified payments interface (UPI) platform.QR codes can be used on various mobile device operating systems.A QR code uses four standardized encoding modes (numeric, alphanumeric, byte/binary, and kanji) to efficiently store data; extensions may also be used.The QR code system became popular outside the automotive industry due to its fast readability and greater storage capacity compared to standard UPC barcodes.Applications include product tracking, item identification, time tracking, document management, and general marketing.A QR code consists of black squares arranged in a square grid on a white background, which can be read by an imaging device such as a camera, and processed using Reed–Solomon error correction until the image can be appropriately interpreted.It contains a QR code into its design, and when scanned with an internet-enabled mobile device, the code goes to a website that details the historical and technical background of the commemorative note.In 2017, the Bank of Ghana issued a 5-cedis banknote to commemorate 60 years of Central Banking in Ghana, and contains a QR code in its design, which when scanned with an internet-enabled mobile device, that code goes to the official Bank of Ghana website.

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