Tag: walmart

Walmart mobile payments roll out in 19 new states.

Walmart Pay is available in approximately 3,700 of its stores across the United States. Although it failed to reach its initial goal of launching the payment service to every store by the end of June, it added close to 1,300 stores in 19 new states throughout last week. Now, the total number of states where the mobile payments service is available has reached 37 and also includes Washington D.C., reported Chain Store Age.

The digital wallet service rollout started back in May 2016.

The service was officially announced by the monster retailer back in December of 2015. Texas and Arkansas were the first states to receive the service. Walmart’s payment solution – which works via the retailer’s mobile shopping app – launched at 600 stores across both states back in May.

The 19 new states where Walmart Pay is now live include: Arizona, California, Colorado, New Mexico, Washington, Ohio , Idaho, Oregon, Pennsylvania, Maryland, Connecticut, Delaware, Maine, New Hampshire, New York, New Jersey, Massachusetts, Vermont and Rhode Island.

Walmart Pay has a massive built-in potential customer base.

Currently, Walmart’s mobile app has 22 million active users. With such a huge consumer base, Walmart Pay has plenty of potential for success.

The mobile payments service from Walmart is easy to use and is one of the options on the retailer’s mobile app. Consumer with the app can choose the payment option at checkout, which activates their smartphone camera. With their camera they scan the code displayed at the register. The scanned code will connect them to Walmart Pay. Once the transaction is complete, an e-recipe is sent to the app. Customer can view this e-receipt whenever they want.

In addition to their own digital wallet service, the American multinational retail corporation also intends to accept other forms of digital and mobile payments within its stores.

While certainly not the first to launch it s own mobile payments solution, Walmart’s decision to rollout Walmart Pay could prove advantageous for the company. Although consumers aren’t likely to obtain many merchant-specific payment apps, it is the largest Tier I retailers – like Walmart – that have the highest potential to experience the most success with these services.

Mobile commerce continues to see strong growth throughout the world

The mobile commerce space is beginning to become more attractive to merchants throughout the world. More consumers are beginning to use their smartphones and tablets to shop online and in physical stores. These consumers are taking advantage of services offered by Apple, Samsung, and a variety of other companies. Notably, mobile payments services have been growing in popularity because of their increasingly secure nature, with some services having proven that they can effectively protect consumer information.

Retailers are planning to launch their own mobile commerce platforms

As mobile commerce expands, the number of merchants becoming involved in the mobile space is also growing. Driven by market demands, Walmart recently announced that it will be launching its own mobile payments service. Target has also revealed plans to develop such a platform in order to effectively connect with the growing number of mobile consumers. Both companies see a great deal of promise in the mobile commerce space and intend to capitalize on the growth of this sector in the coming years.

Consumers are still concerned about the security of mobile payments services

Despite the fact that the mobile commerce space is growing, many consumers are unconvinced that mobile payments services are worthwhile. According to recent analysis from Gartner, the majority of shoppers in the United States simply believe that traditional forms of commerce are adequate enough for their needs. Others believe that security faults exist in the mobile commerce space, leaving them exposed to serious digital threats.

Mobile commerce saw spectacular growth in 2015

Last year, mobile commerce saw significant growth, especially during the holiday season. According to a report from eMarketer, some 9.6% of the mobile population in the United States, an estimated 23.2 million people, made a mobile transaction in 2015. The mobile commerce space is beginning to attract a variety of merchants, many of whom have been looking for ways to connect with mobile consumers in a dynamic fashion. This trend is expected to continue into the future, especially as the demand for mobile commerce support continues to grow.