Wal-Mart Pay Has Arrived

In an article released by Reuters, Wal-mart Stores Inc.WMT has announced the launch of a new service called “Walmart Pay” which will be introduced today December 10th and will be available in all Walmart stores by the first half of 2016.

Sruthi Ramakrishnan, a contributor for Reuters, wrote, “Wal-Mart Stores Inc said it would launch Walmart Pay,...to expand consumer payment options and increase the speed of checkouts….It will also allow for the integration of other payment options such as mobile wallets in the future.”

Walmart Pay will be compatible with Apple Inc. AAPL and Alphabet Inc Class C.GOOG devices, making the transition to using the mobile payment system as easy as possible. Ramakrishnan describes the process of using the system as scanning the code of the product you are buying at the Walmart register, with a receipt sent to you through the app.

As Neil Ashe, president and CEO of Walmart Global eCommerce said in the press release on the company’s website, “”The Walmart app was built to make shopping faster and easier... 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.”

Currently Walmart is trading at $59.53, up 0.68 percent.
Currently Apple is trading at $116.12, up 0.43 percent.
Currently Alphabet is trading at $750.16, down 0.20 percent.

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http://www.benzinga.com/pressreleases/15/12/b6035779/walmart-introduces-walmart-pay