The unified QR code, JPQR, is being touted as being convenient on social media, but what is it really like?

The unified QR code is being touted as being convenient on social media, but what is its real value?

Payment methods available at Usagi to Boku

The news came out that the unified QR code "JPQR" would begin accepting applications from June 6nd, and customers who came to the store were also talking about it.
The project aims to consolidate the QR codes of the many QR payment services available, and is being carried out in collaboration between the Ministry of Internal Affairs and Communications and the Ministry of Economy, Trade and Industry. (The QR code was apparently developed by the Cashless Promotion Council, which has apparently never published a financial statement.) It will be trialed in several prefectures and rolled out nationwide from this month. The goal is to have it installed in 10 stores.

As a point,

There are three points to note:

Looking at my social media timeline, I saw people writing things like , "Now I can use other payment methods where only PayPay was previously accepted," or "It's so convenient not having to think about which payment methods are accepted." But that's a complete misunderstanding. Even though the QR codes are unified, it doesn't mean all services will be usable, and depending on the payment method you normally use, it might even become difficult to decide which one to use. Also, I wonder if there will even be any stores that will adopt it in the first place...

The same QR code can be used for different payment methods

JPQR is compatible with the above payment services.

Payment methods supported by JPQR are

There are many payment methods, some of which you may have never heard of, but the only payment providers that you can apply for in bulk are the five companies listed on the first line.
PayPay and Rakuten Pay, which are used by many people at home, are registered separately. There are also other services that are not included in the list, such as pring.

Not all stores that sign up will choose all payment methods. Even stores that use a unified QR code may have different payment services implemented. For example, even if a Rakuten Pay user sees a unified QR code, whether they can use it or not is up to the store. There's only one QR code, but the effort required to check which payment methods are supported (depending on the payment service you normally use) remains the same. It seems like the tedious confirmation process will remain the same.

Stores that only accept PayPay will not accept JPQR

PayPay is quite bullish on JPQR

Looking at payment fees, they vary depending on the service, but they range from a minimum of 1.5% (excluding tax) to a maximum of 3.25% (excluding tax), which is quite high even though it's a cost-saving QR code payment. Individual stores that only accept PayPay are likely using it because of the low payment fees (free until September 2021) and the fast deposit cycle.
If PayPay's fees are standardized to JPQR, they will be 1.99% (until the end of March 2021), 2.59% (end of September 2021), and 3.24% (from October 2021). These fees are on par with credit cards. The only thing that is standardized is the QR code; the deposit cycle and transfer fees also differ depending on the payment service. This is likely to make accounting work more complicated for business operators.
Even if JPQR is introduced, it seems likely that many stores will not consolidate QR codes, saying "PayPay is separate."

I think chain stores will likely have customers present a QR code, but I wonder if some small stores (independent stores) will also introduce it.
If JPQR is to be introduced, it seems like it would be better to consider payment by credit card or FeliCa such as Suica.

I've seen a few comments on the news saying it's convenient, but I don't think there's anything convenient about just having one QR code. I feel like it's likely to cause a lot of confusion for customers.
Even in our store, which encourages cashless payment, it seems difficult to decide to introduce it at this time.

(Also, just to be clear, My Number Points, which are given as a refund (up to 5000 yen) when linked to a My Number card, can be earned even if you don't have JPQR.)