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Walmart launches its own mobile payment system

Walmart Pay mobile payment system launches
Walmart Pay
This service is already active, and its design allows it to work with other digital wallets, including Google Pay and Apple Pay.

The amount of mobile payment systems available grows with each month that passes by and now Walmart becomes the first retailer to launch its own such service. According to the official press release, this is "a fast, easy and secure way for customers to pay with their smartphones in Walmart stores."

Walmart Pay is fully compatible with iOS and Android handsets so, in addition to competing with Google Pay or Apple Pay, this service might soon work with them as well - as long as Walmart decides to allow that, of course. This new payment solution also works with any major debit, pre-paid, credit or Walmart gift card. The Walmart mobile app is already used by 22 million people and ranks in top three in its category on both Google's and Apple's app stores.

The official press release also unveils that the mobile payment feature will only hit select stores this month while the nationwide launch is expected to be complete by mid-2016.

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Codrut Nistor, 2015-12-11 (Update: 2015-12-11)