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Wal-Mart Pay Has Arrived

Wal-Mart Pay Has Arrived
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Wal-Mart Stores, Inc. (NYSE: WMT) has announced the launch of a new service called “Wal-Mart Pay,” which will be introduced Thursday and will be available in all Wal-Mart 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.”

The article went on to explain, “It will also allow for the integration of other payment options such as mobile wallets in the future.”

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Wal-Mart Pay will be compatible with Apple Inc. (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOG) devices, making the transition to using the mobile payment system as easy as possible.

Ramakrishnan described the process of using the system as scanning the code of the product to be purchased at the Wal-Mart register, with a receipt then sent through the app.

As Neil Ashe, president and CEO of Wal-Mart Global e-commerce said in the press release, “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.”

Wal-Mart was recently seen trading at $59.53, up 0.68 percent.

Image Credit: By Bull-Doser (Own work.) [Public domain], via Wikimedia Commons

Posted-In: Neil Ashe Reuters Sruthi RamakrishnanAnalyst Color Long Ideas News Tech Trading Ideas Best of Benzinga


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