<p>Perovskite quantum dots (PQDs) have become a popular prospect in fabrication of next-generation solar cells due to its distinctive optoelectronic properties such as high photoluminescence quantum yields, size-tunable band gap and defect tolerance. These unique characteristics allows PQDs to amplify the absorption of light and enhance the charge transport in photovoltaic devices. This review provides an overview of recent developments in PQDs solar cell pivoting around their synthesis methods, optical and electronic properties and applications in solar cells conversion. Colloidal and ligand exchange synthesis approaches are discussed comprehensively in intention to understand the molecular phenomenon that contribute to the improvement of the PQDs-based solar cells performance. The mechanism behind their ability to precisely control over PQDs size and the state of it surface chemistry is discussed. The PQDs properties was discussed including their role as light absorbers and charges carrier transporters. This review included the challenges related to PQDs stability and scalability as solar cells based materials, along with the strategies to mitigate these issues. Future direction and advancement prospect in PQDs-based solar cells research is discussed emphasizing in way forwards for this technology in production of high efficiency, stable and scalable photovoltaic devices.</p>