Walmart Canada announced that they have partnered with Canada’s domestic debit network Interac to offer in-app and in-browser payments through proprietary wallets, which is a different approach than the U.S. market. In the U.S. Walmart offers its own app, Walmart Pay and conducts payments though registered cards and the use of QR codes. Here’s the overview from their press release:
Interac Corp. today announced that it is working with Walmart Canada to offer its customers enhanced methods of paying with debit online and in-store. With a target timing of Spring 2021, Walmart shoppers will soon be able to checkout using Interac® Debit for In-App and In-Browser Payments on proprietary wallets. Walmart has also begun rolling out Interac Flash® at point-of-sale terminals in-store, giving customers the option to pay with the secure tap of a debit card or smartphone.
Walmart has also been implementing contactless for Interac cards at the point of sale also:
Walmart Canada is very excited to now offer Interac Debit and provide more convenient and contactless ways for customers to check out in-store and online,” said Nicolai Salcedo, Chief Information Officer, Walmart Canada. “We listen to our customers and want them to have even more choices for how they pay for their items. This is part of our ongoing effort to make shopping at Walmart easy, safe and seamless, especially during these challenging times.”
It was noted in the press release that the wallets offer “a seamless and secure customer experience to pay wherever, whenever, however, in near real-time with no chargebacks.” I am sure that Walmart appreciates the lack of chargeback rights. I wonder how customers feel about that.
Overview by Sarah Grotta, Director, Merchant Services at Mercator Advisory Group
