Walmart to roll out own payment system in its stores

The payment system will be integrated with Walmart's smartphone app

Walmart is rolling out in its stores its own smartphone-based payment system that uses QR technology rather than the near-field communication technology, or NFC, used by the payment systems of players like Apple and Google.

Integrated into its smartphone app, the new Walmart Pay will work at any checkout lane and with any major credit, debit, pre-paid or Walmart gift card, the retailer said Thursday.

The service is to be introduced in select stores from this month. The retailer is planning a nationwide launch to be completed by the first half of next year.

Walmart U.S. senior vice president for services, Daniel Eckert, said in a video that existing mobile wallets are limited to certain types of phones, operating systems or payment types, which places constraints on users. He added that Walmart Pay has been designed to be integrated with other payment wallets as well.

Customers will be able to set the feature to prioritize payments using only say gift cards and use credit and other cards as the second payment option. They can also set the app to pay by a combination of cash and Walmart Pay.

Walmart is apparently counting on demand for the payment system from the 22 million customers that actively use the Walmart app each month. The app ranks among the top three retail apps in the Google and Apple app stores, it said.

Millions of the company's customers used their smartphones for shopping in the last holiday weekend and nearly half of online customers used their mobile devices, said Neil Ashe, president and CEO of Walmart Global eCommerce.

Customers at the store have to open the Walmart app and choose the pay feature. After activating the camera, the user can at any time during checkout scan the code displayed at the register to connect Walmart Pay. The process is complete when a store employee scans and packs the purchases. An electronic receipt will be sent to the app and can be viewed at any time, Walmart said.

Walmart is listed as a backer of the Merchant Customer Exchange (MCX), which is promoting a retailer supported payment system, called CurrentC.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?