Chase Pay will be accepted on Walmart.com and through the Walmart mobile app, as well as in brick and mortar locations across the country. Chase Pay processes payments using token technology to keep users’ personal payment information secure, with complex codes that are valid for one use only. It can be used with Chase Visa debit and credit cards.
Mike Cook, senior vice president and assistant treasurer at Walmart, said the company is excited about the new partnership, and that it would “provide our customers with even greater convenience and value” as well as expanding Walmart’s relationship with Chase.
Rewards and mobile payments
For Walmart customers wanting to try out Chase Pay when it debuts next year, there are several options for great rewards credit cards from Chase. The Chase Freedom card, for example, offers rewards in rotating categories so that customers can get up to 5% cash back on their purchases.
Mobile payments slowly gaining ground
Overall, consumers have been a little shy about adapting to mobile payment technology. There are lingering concerns over security, as well as general reluctance and apprehension about using a new form of payment. People aren’t always sure whether to tap, swipe, scan, or just hand their phone to clerks when they go to use a mobile payment method to make a purchase. But slowly, they are becoming more comfortable with the new way of paying.
Apple Pay, Google Wallet, and Chase Pay are just three of the big names in mobile payments, with each being accepted at more and more retailers all the time. Young people, as might be expected, are more willing to use their phones as virtual wallets, learning to use the technology and becoming adept at contactless payments.
Since Walmart is such a large retailer with many locations across the country, their acceptance of Chase Pay will lead more and more customers to learn to use the payment method. Chase credit cards and debit cards are extremely common, with millions of users all over the globe.
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