Walmart's Apple Pay competitor uses QR codes

Walmart is finally jumping into the mobile payments game.

The retailer unveiled Walmart Pay, a new mobile payments system that allows shoppers to pay for in-store purchases via Walmart's iOS and Android app. The payments system will begin to roll out to some stores Thursday.

Rather than using near field communication (NFC), the technology Apple Pay, Android Pay and other "tap to pay" systems rely on, Walmart Pay enables payments by scanning QR codes at point of sale terminals in the store

You can link the Walmart app to your credit, debit or gift card and connect your Walmart account. You also have to set a 4-digit passcode (or use Touch ID, if you have an iPhone) to authenticate purchases. Once set up, you can pay for purchases in the checkout line by selecting Walmart Pay from the app's "Shop" menu Read more...