Walmart Pay introduced; mobile payment service uses retailer's app and QR codes
Everyone wants to get into the mobile payment business. Walmart today introduced Walmart Pay, a service that will allow iOS and Android users to pay at Walmart stores using their handsets. It will work at any checkout lane inside the discount retailer's stores, and is compatible with any debit card, credit card, pre-paid card or Walmart gift card.
"The Walmart app was built to make shopping faster and easier. Walmart Pay is the latest example – and a powerful addition – of how we are transforming the shopping experience by seamlessly connecting online, mobile and stores for the 140 million customers who shop with us weekly."-Neil Ashe, president and CEO, Walmart Global eCommerce
According to the retailer, 22 million people use the Walmart app every month, and it ranks among the top three retailer apps in both the App Store and Google Play Store. Considering that the service is limited to Walmart stores, this is not going to take many transactions away from Apple Pay, Android Pay or Samsung Pay. Walmart knows this and says that it will integrate Walmart Pay with other mobile wallets in the future.
source: Walmart
Things that are NOT allowed: