The new terminals will support EMV chip and PIN, EMV chip and sign, magstripe transactions, plus contactless NFC, mobile wallet, and alternative payment methods.
Walmart Canada held out from Apple Pay due to interchange fees, and tap payment has long been a constant requested option by the customers. In the US, Walmart tried their own mobile payment option called Walmart Pay, to rival Apple Pay. The fast-track of tap payments in Canada may have been assisted by the COVID-19 pandemic, as retailers are trying to reduce touch points at stores.
In July 2020, Walmart Canada announced it was planning to invest USD 2.6 billion to tie together physical and digital shopping, while facilitating distribution and fulfilment.
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