Walmart Pay launches using not NFC, but QR codes
Walmart apparently sees no sense in touching your phone to a little sales terminal and having people on their way with groceries in hand. In fact, the big box retailer theoretically doesn’t even need new point-of-sales hardware with its new Walmart Pay system.
Going against Android Pay, Apple Pay and Samsung Pay, Walmart Pay is a mobile payments system not based on tap-and-go Near Field Communication tech, but on an old standby — the QR code. iPhone users can pull up their Walmart app, head to the appropriate tab and scan the code that shows up on the payment terminal. A linked credit or debit card takes the bill.
Walmart is part of the Merchants Consumer Exchange which launched an unpopular mobile payments app called CurrentC to circumvent transaction fees from banks and tech companies. We saw word that Walmart Pay was coming late last year. The Walmart app on iOS will have to be updated to version 6.8 for Pay to appear. Even then, you’ll have to make sure your local store has proper support.
We don’t see that support going wider than Walmart, but what about Target?