December 20, 2015
Every other month, yet another industry giant announces or gets into rumors of launching its own payment solution. This time, Target, a force behind MCX, is reported to be in the early stages of developing its own mobile wallet, as shared by Reuters.
Wallet from Target increases the pressure for Apple Pay and all other Pay’s already in the market and the ones to come. Target is the fourth-largest retailer in the US and with the financial power and its extensive store network, the proprietary wallet will instantly get a great base to roll out on. Target has not yet committed to launching the product. Even though it is too early to say, the wallet could be out as early as the beginning of 2016.