Tag: mobile payments app

PayQwiq mobile payments will launch at Tesco this year

The smartphone transaction service will be rolled out across the United Kingdom before the end of 2016.

Tesco has announced that it will be rolling out its PayQwiq mobile payments service across the United Kingdom. Its services will become fully available now that it has undergone its trials successfully.

This mobile payments service is meant to make it faster and easier for customers to complete the checkout process.

The PayQwik mobile payments service lets consumers link credit and debit cards to the app. With this mobile application, they can pay for items purchased online or in store. To complete the transaction, they must scan QR codes displayed on-screen. The application also makes it possible to collect Clubcard points. Therefore, the points card doesn’t need to be scanned separately.

Until now, the PayQwik mobile payments app was available only in London and Edinburgh.

PayQwiq mobile payments - Tesco StoreMoreover, the mobile app could be downloaded only by those with an invitation. That said, its availability will now be broadening to include consumers at 600 stores throughout those two original cities. Stores in Plymouth and Northern Ireland will also be included in this next wave. The app is compatible with Android and iOS smartphones.

This mobile wallet places Tesco in direct competition with Apple Pay and Android Pay within its stores. That said, the PayQwik mobile wallet functions only within Tesco stores so the competition stops there. Among the main reasons it has an advantage over the competition while in-store is that it lets customers use their Tesco Clubcard within the app.

This is appealing as it doesn’t require people to have to make PayQwik mobile payments only to have to fish a plastic loyalty card out of their wallets. Both types of transaction occur automatically and digitally. All that is required in order to complete both processes is the scan of a QR code.

A spokesperson from Tesco Bank explained: “At Tesco, we are always looking to make the shopping experience simpler and easier for customers and that’s why we’ve developed PayQwiq.” So far, customer feedback on the service has been “very positive,” said the Tesco spokesperson.

Mobile payments rolled out in NoWait app

The smartphone application for restaurant waitlisting is making it easier to complete the dining experience.

NoWait, a restaurant waitlisting service, has already established a popular smartphone app that allows diners to be able to “line up” digitally at nearby participating restaurants where they do not have reservations and the application is now rolling out their mobile payments service to boost the available convenience.

These services are meant to shrink the amount of time needed to get a meal without having to wait.

The mobile app has rapidly been increasing in its popularity over the last few years. It offers diners a range of different features, but it also provides a subscription-based suite of tools to restaurants. This allows the businesses themselves to be able to manage their waitlists, server rotation, seating, reservations, and many other important factors. By the time of the writing of this article, there were already nearly 4,000 restaurant companies that had signed on to use this platform. Among them, several are very large chains, such as Buffalo Wild Wings, Chili’s, On the Border, and First Watch, among others. Now, the app is also offering mobile payments.

The mobile payments are available in both the Android and iOS versions of the NoWait application.

restaurant app - mobile paymentsThe mobile app currently seats more than 25 million diners every month. This is a staggering amount of growth over the same figure in 2014, which had been just over 5 million per month. At that time, it had only just finished its Series B financing round at which time it brought in another $10 million.

It has already seated over 250 million diners who have used the application in order to join the line to wait for a table. The application is appropriate for both smartphone and tablet users. It has been downloaded more than 3 million times and NoWait is predicting that by the end of this year, there will have been about 5 million individual diners who will have headed out to restaurants by way of this mobile application.

By adding mobile payments, the goal is to be able to complete the entire dining experience over the smart device.