Tesco is to roll out its own mobile payment system in direct competition to Apple Pay and Android Pay across the London region.
Testing moves into new phase
The new PayQwiq app, which has been thoroughly tested over recent months, will enable shoppers to pay for transactions up to £400 with their mobile phone at around 500 Tesco stores within the M25. Tesco is now inviting a group of 600,000 Clubcard holders to download and try out the app which will allow them to pay for purchases and collect Clubcard points at the same time. To do this, customers must register their Clubcard and payment cards with the app and then present a QR code on their phone to the cashier for scanning on the completion of their shop.
Joining the mobile payments revolution
Tesco's move makes it the latest grocer to develop its own technology to bypass the costly Android and Apple systems. Sainsbury's for instance is trialling its SmartShop app which allows users to create their own shopping lists, navigate stores and make payments at dedicated kiosks, while Walmart has launched its own system in the US to expand customer payment options and increase the speed of checkouts in its stores.
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