December 10, 2015
American multinational retail corporation Walmart has launched its own mobile payment solution called Walmart Pay. The solution will enable a fast, easy and secure way for customers to pay with their smartphones in Walmart stores. Customers can pay with any iOS or Android smartphone, through any major payment type and at any checkout lane, all through the Walmart app.
With this launch, Walmart becomes the only retailer to offer its own payment solution. The mobile payment feature will be introduced in select stores beginning this month, with a nationwide launch to be completed by the first half of next year.
The simplicity and ease of Walmart Pay come not only from how it works but also in how it’s been built, said Daniel Eckert, Senior Vice President of Services at Walmart US, in the press release. We made a strategic decision to design Walmart Pay to work with almost any smartphone and accept almost any payment type – even allowing for the integration of other mobile wallets in the future. The result is an innovation that will make the ease of mobile payments a reality for millions of Americans.
About 22 million customers actively use the Walmart app each month and it ranks among the top three retail apps in the Google and Apple app stores. The Walmart app aims to enhance the shopping experience in Walmart stores with features including checking in to pick up an online order at a Walmart store, refilling pharmacy prescriptions and finding an item’s store location.
As mentioned by the company, there are three simple steps to using Walmart Pay:
Open: Visit any register, open the Walmart app and choose Walmart Pay. Activate the camera.
Scan: At any time during checkout, simply scan the code displayed at the register. Walmart Pay is now connected.
Done: Associate scans and bags the items… And it’s done. An e-receipt will be sent to the app and can be viewed at any time.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, Walmart serves nearly 260 million customers who visit their 11,504 stores under 65 banners in 28 countries and e-commerce websites in 11 countries. With the fiscal year 2015’s revenue of $486 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. For more information, click here.