Tesco to launch PayQwiq mobile wallet across UK by end of 2016
Tesco is planning to launch its PayQwiq mobile payment wallet across all its stores in the UK by the end of 2016.
Following the successful trial in 50 stores, the service will now be available across 600 stores in London and Edinburgh as well as Plymouth and Northern Ireland.
“Feedback from customers who have used PayQwiq has been very positive, and we’re delighted to extend the availability of PayQwiq to Tesco customers in more locations,” a Tesco Bank spokesman said.
PayQwiq operates similarly to several other mobile payment apps. It allows users to load debit or credit cards into the app, which is then used to pay online by scanning QR codes that display on-screen.
Simultaneously, the system also accepts and controls Clubcard points, without any need to scan them separately.
The app, which compatible with Android and iOS smartphones, offers is a £400 payment limit compared to £30 limit set by wallets such as Apple Pay and Android.