rtmark
LearnBonds.com

Wal-Mart Stores, Inc. Pushes Apple Inc. Pay Away

Wal-mart Stores Inc (WMT)

Wal-Mart Stores, Inc. just relayed that it will be unveiling its own payments unit this week. The retail giant’s Walmart Pay stands to rival hotly against Apple Inc. platform Apple Pay. The branded payments system will prove to be heavy competition as well for similar solutions from Samsung and Alphabet Inc.

Walmart (WMT)

Wal-Mart launches a mobile pay service

On Thursday, selected Wal-Mart stores in the U.S. will witness Walmart Pay go live. The mobile payments solution will feature on the retailer’s mobile app. It will allow Wal-Mart customers who are savvy with their smartphones to pay with any major debit and credit card, or a pre-loaded store gift card.

But Walmart Pay will not be like most mobile payments solutions. Unlike the solutions it will rival, Walmart pay relies on QR codes to process a transaction at the checkout terminal. Upon checkout, buyers select Walmart Pay on the store’s app and take a picture of the QR code displayed at the terminal. An electronic receipt is then stored on the app. For added security, users can opt to used Apple Touch ID for fingerprint enabled safety.

“We made a strategic decision to design Walmart Pay to work with almost any smartphone and accept almost any payment type,” says Mr. Daniel Eckert, VP of services. Eckert assured that the acceptance of more mobile wallets will happen in the future. “The simplicity and easy of Walmart Pay comes not only from how it works, but also in how it’s built.”

Wal-Mart Stores, Inc. sees over 22 million people make use of its Android and iOS apps every month, the retailer reports. Without naming specifics, Mr. Eckert assured that Walmart is working with digital wallet entities in order to accommodate more buyers.

“The result is an innovation that will make the ease of mobile payments a reality for millions of Americans.”

Walmart is among the largest supporters of retail payments giant MCX. MCX is also behind mobile money platform CurrentC. The system is still in its beta testing phase but Wal-Mart has confirmed that it will keep accepting CurrentC despite the launch of Walmart Pay.

Current C will be launched in 4,600 stores in the U.S. next year. There have been no plans on how Apple Pay will be integrated into the scene.

Apple  Pay has been rejected by Wal-Mart Stores since its release. The retailer says it only matters that costumers have access to a payment choice that are widely accepted. The launch of Walmart Pay stands to distance Wal-Mart Stores, Inc. further away from the Apple Inc.  payments service.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
Users should remember that all trading carries risks and users should only invest in regulated firms. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar