On Thursday. American multinational retail corporation, Wal-Mart (NYSE: WMT), released "Walmart Pay" - a speedy, simple and safer alternative for customers to pay with their smartphones in Walmart stores. It's a quick three step checkout process: Open, Scan, and Done, mentioned by Walmart.
1) Open: Visit any register, open the Walmart app and choose Walmart Pay. Activate the camera.
2) Scan: At any time during checkout, simply scan the code displayed at the register. Walmart Pay is now connected.
3) Done: Associate scans and bags the items… and it’s done. An eReceipt will be sent to the app and can be viewed at any time.
”The Walmart app was built to make shopping faster and easier,” said Neil Ashe in Walmart's news article, president and CEO of Walmart Global eCommerce. “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.”
The purpose of Walmart pay is to enhance how customers check out and effectively broaden mobile payment access. Retail giant Walmart becomes the first to present its very own payment solution which is compatible with any Android or iOS device at its checkout lane. The mobile payment feature will be introduced in select stores beginning this month, with a nationwide launch to be complete by the first half of next year, noted by Walmart.
“The simplicity and ease of Walmart Pay comes not only from how it works, but also in how it’s been built,” said Senior vice president of services in Walmart's news article, Daniel Eckert at Walmart U.S. “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.”