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Why does Asia scan to pay when the rest of the world taps? • The Register
(www.theregister.com)
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this post was submitted on 17 Jun 2024
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It's scan to pay at Walmart because they gave their own payment system called "Walmart pay" and it sucks.
There was no reason they had to implement it with scan though, was there?
I believe they created it before tap really took off in the US so scan was a better option for them at the time.
Tap to pay was pretty well established when they went with scan to pay, they just hoped the Walmart name was large enough that they could cut out all the middlemen inherent with traditional payment processors and keep a bigger piece of the pie. Specifically they were in a spat with Visa over merchant fees at the time so they wanted an option that allowed them to cut Visa out of the picture. They thought that having their own scan to pay system would allow them to do that, but they eventually reconciled with Visa and got the merchant fees discount they wanted and that aspect of the scan to pay system sorta dropped out of focus.
Hmm. They might have gotten that discount because of using their alternate payment system as leverage, so might have been worthwhile.