“Wal-Mart has launched [announced – MDN Ed.] its own mobile payments system, Walmart Pay, as the big-box retailer aims to capitalize on its 22 million existing active monthly app users,” Elaine Low reports for Investor’s Business Daily. “The move comes as CurrentC, the Apple Pay rival notably backed by Wal-Mart and other retailers, continues to face delays and has yet to roll out nationwide.”
“Wal-Mart, which said earlier this month that mobile now accounts for “more than 70%” of its online traffic, does not presently accept Apple Pay, but it appears to remain open to the possibility,” Low reports. “To pay for purchases through Walmart Pay, shoppers must first activate the camera through the Walmart app and scan a QR code that will display at the register. The cashier then scans and bags the purchases, and an electronic receipt is sent to the app user.”
“The company’s mobile payments feature utilizes QR codes, while Apple Pay relies on near-field-communication (NFC) technology,” Low reports. “Walmart Pay will be in select stores starting in December and is slated to launch nationwide by the first half of 2016.”
Read more in the full article here.
MacDailyNews Take: QR codes? What’s next, Walmart, a return to the shekel?
SEE ALSO:
Walmart to roll out ‘Walmart Pay’ QR code-based mobile payment system in 2016 – December 10, 2015
Pay Finders app for iPhone shows you where Apple Pay is accepted – December 1, 2015
Apple reaches agreement to bring Apple Pay to China, sources say – November 25, 2015
Apple Pay looks to get a lift from Walgreens’ 85 million Balance Rewards members – November 5, 2015
Walgreens preps launch of Apple Pay-linked loyalty rewards cards – October 28, 2015
Starbucks, KFC, and Chili’s to accept Apple Pay this year – October 8, 2015
Barclays to bring Apple Pay to the UK in early 2016 – October 7, 2015
Some Best Buy stores are now accepting Apple Pay – September 18, 2015
MCX CEO gone a day after Apple Pay lands Best Buy – April 28, 2015
Best Buy capitulates, to accept Apple Pay despite CurrentC allegiance – April 27, 2015
Major retailers see Apple Pay wave – November 17, 2014
In only 3 weeks, Apple Pay is changing how consumers pay – November 17, 2014
Boycott CVS and Rite Aid – October 27, 2014
Bad business: CVS and Rite Aid antagonize their most well-heeled customers by blocking Apple Pay – October 27, 2014
CVS stores reportedly disabling NFC to shut down Apple Pay – October 25, 2014
iPhone users earn significantly more than those who settle for Android phones – October 8, 2014
Yet more proof that Android is for poor people – June 27, 2014
More proof that Android is for poor people – May 13, 2014
Apple’s iOS dominates in richer countries, Android in poorer regions – March 25, 2014
Twitter heat map shows iPhone use by the affluent, Android by the poor – June 20, 2013
The only thing more offensive than Walmart is this web site.
I could care less. I haven’t set foot in a Wal Mart store in years and have no intention of doing so in the future. I don’t need any of the cheap Chinese knockoffs they carry.
That’s right. You get your cheap plastic Chinese knockoffs from Target like the rest of us…
Costco. Lost cost. Good quality. Treat workers much better.
I’m a big fan, and there’s one only ten minutes away from me.
Ha! The cost is so _low_ that it is “lost.” Damn typo. 🙂
I shop where I can get the most e coli for my buck.
Chipotle!
Yeah, that’s where I eat.
does every purchase include a free corn dog with crusty mustard
mmmmm corn dogs!!!
mmmmm crusty mustard!!!
What I want to know is how this system works with SNAP cards since that is the currency so many Walmart shoppers use?
Was I being insensitive? Well, FU PC police.
I thought I read that anyplace that accepts tap and pay will work with Apple Pay? Does this mean that Walmart isn’t accepting any tap and pay? I’ve only tap and paid once (Walgreens) – hope to use it more.
See Jim Dalrymple’s reaction at http : // http://www.loopinsight.com /2015/12/10/walmart-pay/ ?
With his typical loquaciousness: “Yeah, that’ll work.” lol
[Here’s hoping I can post the chopped-up link!]
Yeah, I screwed it up. You should be able to chop it into place, though.
Sorry!
The thing is, QR codes are butt-ugly.
I am an Apple fan, and LOVE using ApplePay … that being said … If I owned a store I too would opt for a system that allows the largest number of users to use it. EVERY smart phone has a camera. Not every smart phone (or even every iPhone) has NFC built in. Until NFC is ubiquitous I too would go with a camera based system.
Aren’t there other factors to consider, speed on transaction, security of transaction for both customer and merchant etc? If the infrastructure is in place at the merchant POS why not accept multiple forms of payment?