Archive for the ‘Walmart’ Category

Walmart Pay ‘Close to Surpassing’ Apple Pay in U.S. Mobile Payments Usage

Tuesday, November 7th, 2017

Walmart announced "Walmart Pay" in December of 2015, bundling its mobile payment solution directly into the Walmart app for iOS and Android devices and entering the market one year after Apple's own Apple Pay launched in 2014. Now available nationwide in 4,774 Walmart stores, Walmart Pay is "close to surpassing" Apple Pay in terms of mobile payments usage in the United States (via Bloomberg).

According to Daniel Eckert, senior vice president of Walmart services and digital acceleration, Walmart Pay is enrolling "tens of thousands of new users a day," and has seen a steady growth over the past few months. Two-thirds of those who try it use it again within twenty-one days. These statistics give Eckert confidence that Walmart Pay will soon beat Apple Pay in the U.S., "in terms of use by shoppers in stores where they're accepted."

Wal-Mart Stores Inc.’s app is close to surpassing Apple Pay in usage for mobile payments in the U.S., giving the world’s largest retailer even more clout as a growing number of people shop with their smartphones.

“If daily enrollments don’t slow down, I think that’s pretty well in the cards shortly,� said Eckert, senior vice president for services and digital acceleration. “I would have to imagine we are getting pretty close.�
Market researcher Richard Crone predicted that Walmart Pay will grow bigger than Apple Pay in active U.S. users (who use the mobile wallets for at least two transactions per month) by the end of 2018. Walmart and Apple reportedly held discussions in early 2016 that centered upon incorporating Apple Pay into the Walmart iOS app, but fell through because of the "difficulty of blending the technology underpinning each company's approach."

Walmart is said to have begun gaining ground on Apple earlier in 2017, when 5.1 percent of Walmart shoppers said they used Walmart Pay this past June, just below the 5.5 percent of iPhone users who said the same at locations that accept Apple Pay. In terms of other competitors, Walmart Pay's adoption rate is "higher than Samsung Pay and Android Pay combined." One analyst pointed out this is likely because Walmart owns and controls the mobile wallet software and "can make quick changes."

Chart via Bloomberg
“Apple Pay’s road is much more difficult than Wal-Mart’s is,� Brendan Miller, an analyst at Forrester Research, said in a phone interview. “It means that Wal-Mart can make quicker changes, they can move faster in many respects than Apple Pay.� Forrester’s survey of 58,000 online consumers in the first half of 2017 found that 7 percent of them used Apple Pay in the past three months, while 6 percent used Walmart Pay.
Although the services are similar in their payment goals, there are a few differences between Walmart Pay and Apple Pay. Walmart's mobile wallet presents users with a barcode that has to be scanned to complete a transaction, unlike Apple Pay's NFC tap-based system. Walmart Pay also incorporates all of a user's in-store offers, promotions, rewards, and gift card balances in one place, which Apple Pay is still inconsistent in supporting for many stores.

Despite their close rivalry in the mobile wallet space, Walmart is reportedly "more interested" in directly competing with Amazon than Apple. Over the past year, Amazon has been expanding quickly in the grocery space with its various test projects like Amazon Go and its acquisition of Whole Foods. Walmart said it will continue focusing on expanding the features of Walmart Pay as more competition emerges, and according to Crone the debut of the software has provided a solid launchpad for the company's future: "They flawlessly deployed the system, and it works."

Related Roundup: Apple Pay

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Apple Pay Holdout Walmart to Launch QR Code-Based ‘Chase Pay’ Next Year

Thursday, November 3rd, 2016

Chase has announced its payments service Chase Pay will launch at Walmart stores in the United States in 2017. The digital wallet will be integrated into the Walmart app for in-store purchases, allowing Chase Visa credit and debit cardholders to pay at the checkout by showing a QR code to the cashier.

chase-pay
Chase Pay will also be added to Walmart's website next year, allowing customers to make online purchases while earning rewards and receiving offers. The service secures transactions with token technology, which utilizes one-time complex codes to process transactions and keep card information secure.

Chase Pay differs from Apple Pay, which uses contactless NFC technology and is secured with Touch ID in addition to tokenization. Walmart has so far refused to adopt Apple Pay, opting for QR code payments services like Walmart Pay and Chase Pay instead. The retailer has said it is open to supporting other digital wallets in the future.

Chase Pay was created in partnership with MCX, the consortium behind the indefinitely postponed payments service CurrentC. Walmart was a leading member of MCX between 2012 and 2015, when the consortium's three-year exclusivity window expired. In 2014, Walmart explicitly said it would not accept Apple Pay.

Walmart's app is a free download on the App Store [Direct Link] for iPhone.

Related Roundup: Apple Pay
Tags: Chase Pay, Walmart Pay, Walmart

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Walmart Subsidiary Asda Testing Apple Pay in U.K.

Tuesday, August 23rd, 2016

While its parent company Walmart remains one of the most notable Apple Pay holdouts in the United States, British supermarket chain Asda now appears to be testing the mobile payments service at select locations in the United Kingdom.

ASDA
The supermarket chain, which has 626 stores across the U.K., recently confirmed on Twitter that Apple Pay is something it is "currently trialling in a few of our stores," but it remains unclear if the testing will lead to a wider rollout in the future.

A few Asda customers have recently tweeted about the newly enabled Apple Pay support at superstore locations in Aberdeen, Scotland and Ferring, a small village located about 60 miles southwest from London, England.

As recently as August 12, a support representative tweeted that Asda does not currently accept Apple Pay, but that it does accept contactless payments in some of its stores. Apple Pay generally works where contactless payments are accepted, but some retailers have specific policies against accepting Apple Pay.

In 1999, Asda was purchased by Walmart, which recently completed a nationwide launch of its own QR code-based mobile payments solution Walmart Pay in the United States. Walmart was initially committed to the Merchant Customer Exchange (MCX) consortium and its now indefinitely postponed payments service CurrentC.

In related news, Clydesdale Bank, Yorkshire Bank, and digital banking service B introduced Apple Pay support for cardholders in the U.K. last week.

Related Roundup: Apple Pay
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‘Walmart Pay’ Expands to 19 More States as Apple Pay Holdout Continues

Monday, July 4th, 2016

Walmart has announced that its mobile payments solution Walmart Pay is now available in 19 more U.S. states, including Arizona, California, Colorado, Connecticut, Delaware, Idaho, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington.

Walmart-Pay-ss
Last month, Walmart Pay widely expanded to Alabama, Georgia, Indiana, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, South Carolina, South Dakota, Tennessee, Virginia, and the Washington D.C. capital area. The service initially launched in Arkansas and Texas in May.

Walmart Pay is built into the Walmart app [Direct Link] for iOS and Android and works at any checkout lane with any major credit, debit, pre-paid, or Walmart gift card.

The payments solution is based upon a QR code checkout process that involves opening the Walmart app, selecting Walmart Pay, activating the camera, scanning the code displayed at the register, and waiting for the cashier to finish bagging your items. An electronic receipt is automatically sent to the app.


Walmart Pay is now available at nearly 5,000 stores in 37 states, and a nationwide rollout is expected to be completed by the end of 2016.

Walmart is among a handful of retailers that have refused to support Apple Pay since its American launch in October 2014. The retailer was originally committed to the Merchant Customer Exchange (MCX) consortium and its now indefinitely postponed payments service CurrentC before launching Walmart Pay.

In late 2015, Walmart senior vice president of services Daniel Eckert said that Walmart Pay allows "for integration of other mobile wallets in the future," providing at least some hope that the retailer may eventually accept rival payment services such as Apple Pay, Android Pay, and Samsung Pay at its stores.

Walmart Pay's resistance to Apple Pay continues despite some other large U.S. retailers including Best Buy and Rite Aid reversing course and accepting the iPhone-based payments service at their stores. Walmart rival Target, meanwhile, is developing a QR code-based mobile wallet solution of its own.

The Walmart app [Direct Link] is free on the App Store for iPhone and Apple Watch.

Related Roundup: Apple Pay
Tags: Walmart Pay, Walmart

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‘Walmart Pay’ Expands to 19 More States as Apple Pay Holdout Continues

Monday, July 4th, 2016

Walmart has announced that its mobile payments solution Walmart Pay is now available in 19 more U.S. states, including Arizona, California, Colorado, Connecticut, Delaware, Idaho, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington.

Walmart-Pay-ss
Last month, Walmart Pay widely expanded to Alabama, Georgia, Indiana, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, South Carolina, South Dakota, Tennessee, Virginia, and the Washington D.C. capital area. The service initially launched in Arkansas and Texas in May.

Walmart Pay is built into the Walmart app [Direct Link] for iOS and Android and works at any checkout lane with any major credit, debit, pre-paid, or Walmart gift card.

The payments solution is based upon a QR code checkout process that involves opening the Walmart app, selecting Walmart Pay, activating the camera, scanning the code displayed at the register, and waiting for the cashier to finish bagging your items. An electronic receipt is automatically sent to the app.


Walmart Pay is now available at nearly 5,000 stores in 37 states, and a nationwide rollout is expected to be completed by the end of 2016.

Walmart is among a handful of retailers that have refused to support Apple Pay since its American launch in October 2014. The retailer was originally committed to the Merchant Customer Exchange (MCX) consortium and its now indefinitely postponed payments service CurrentC before launching Walmart Pay.

In late 2015, Walmart senior vice president of services Daniel Eckert said that Walmart Pay allows "for integration of other mobile wallets in the future," providing at least some hope that the retailer may eventually accept rival payment services such as Apple Pay, Android Pay, and Samsung Pay at its stores.

Walmart Pay's resistance to Apple Pay continues despite some other large U.S. retailers including Best Buy and Rite Aid reversing course and accepting the iPhone-based payments service at their stores. Walmart rival Target, meanwhile, is developing a QR code-based mobile wallet solution of its own.

The Walmart app [Direct Link] is free on the App Store for iPhone and Apple Watch.

Related Roundup: Apple Pay
Tags: Walmart Pay, Walmart

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Apple Pay Holdout Walmart Expands ‘Walmart Pay’ to 15 More States

Thursday, June 23rd, 2016

Walmart has announced that its mobile payments solution Walmart Pay is now available in fifteen additional U.S. states, including Alabama, Georgia, Indiana, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, North Dakota, South Carolina, South Dakota, Tennessee, and Virginia.

Walmart-Pay-ss
Walmart Pay is built into the Walmart app [Direct Link] for iOS and Android and works at any checkout lane with any major credit, debit, pre-paid, or Walmart gift card.

The payments solution is based upon a QR code checkout process that involves opening the Walmart app, selecting Walmart Pay, activating the camera, scanning the code displayed at the register, and waiting for the cashier to finish bagging your items. An electronic receipt is automatically sent to the app.


Walmart Pay's widespread adoption at some 1,500 stores in fifteen more states, following statewide launches in Arkansas and Texas last month, further suggests that Walmart will not be adopting Apple Pay for at least the foreseeable future. Walmart Pay's nationwide rollout is expected to be completed in 2016.

The word in late 2015 from Walmart senior vice president of services Daniel Eckert was that Walmart Pay allows "for integration of other mobile wallets in the future," providing at least some hope that the retailer may eventually accept rival payment services such as Apple Pay, Android Pay, and Samsung Pay at its stores.

Walmart is among a handful of retailers that have refused to support Apple Pay since its American launch in October 2014. The retailer was originally committed to the Merchant Customer Exchange (MCX) consortium and its now indefinitely postponed payments service CurrentC before launching Walmart Pay.

Walmart's resistance to Apple Pay persists even as other former holdouts such as Best Buy and Rite Aid have reversed course and begun accepting the iPhone-based payments service at their U.S. stores. Walmart rival Target, meanwhile, is developing a QR code-based mobile wallet solution of its own.

The Walmart app [Direct Link] is free on the App Store for iPhone and Apple Watch.

Related Roundup: Apple Pay
Tags: Walmart Pay, Walmart

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Apple Watch Sport and Accessories Now Available at Walmart

Friday, December 11th, 2015

Walmart has begun selling the Apple Watch Sport and accessories through its online store for U.S. customers. The discount retailer is currently only carrying 38mm and 42mm Sport models in Silver or Space Gray for $349 to $399 alongside the Apple Watch Sport Band and Apple Watch Magnetic Charging Cable.

Walmart-Apple-Watch
Walmart joins a growing number of Apple Watch resellers carrying the wrist-worn device in the U.S. since its April launch, including Best Buy, B&H Photo, Maxfield, Sprint, Target, T-Mobile and dozens of other retailers nationwide. The device is not yet available in Walmart stores, but in-store pickup is available for online orders.

Apple-Watch-Walmart
Unlike Best Buy, which is offering $100 off the Apple Watch Sport and Apple Watch, Walmart is not offering any discounts on the Apple Watch or accessories at this time. Best Buy, Colette and Target also offered Black Friday deals on the Apple Watch, leading to some discussion about how well the Apple Watch is selling.

Walmart offers free shipping on orders over $50 in the U.S., and in-store pickup is currently estimated to take about one week.

Related Roundups: Apple Watch, watchOS 2
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Buyer's Guide: Apple Watch (Neutral)

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Walmart Announces Apple Pay Competitor ‘Walmart Pay’ for iOS

Thursday, December 10th, 2015

Walmart today introduced its own mobile payments service called "Walmart Pay" built into its Walmart app on iOS and Android. The new Apple Pay competitor will roll out in select Walmart stores in the U.S. this month, followed by a nationwide launch within the first half of 2016.

Walmart-Pay
Walmart Pay's QR code-based checkout process will involve opening the Walmart app, selecting Walmart Pay, activating the camera, scanning the code displayed at the register and waiting for the cashier to finish bagging your items. An electronic receipt will automatically be sent to the Walmart app.

The new payments solution will only work in Walmart stores and supports any major credit, debit, pre-paid or Walmart gift card. Walmart says that 22 million customers actively use its Walmart app each month, placing it among the top three retail apps in the App Store and Google Play.


Walmart is among a handful of retailers that have refused to support Apple Pay since its U.S. launch in October 2014. The retailer is instead one of over a dozen retailers committed to the Merchant Customer Exchange (MCX) consortium and its yet-to-launch rival payments service CurrentC.

Walmart's future plans to support Apple Pay or CurrentC remain undisclosed, but the company's senior vice president of services Daniel Eckert said Walmart Pay allows "for integration of other mobile wallets in the future."
“The simplicity and ease of Walmart Pay comes not only from how it works, but also in how it’s been built,” said Daniel Eckert, senior vice president, services, 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.”
Walmart App is free on the App Store for iPhone and Apple Watch. [Direct Link]

Related Roundup: Apple Pay
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