On Nov. 10, Interac and Walmart Canada announced that they will offer its customers enhanced payment methods. Customers would be able to make debit payments both in-store and online.
The target time was announced to be spring of 2021, when Walmart customers would be able to complete the checkout process via Interac’s proprietary wallets. The retailer supergiant also noted that it will roll out Interac Flash at in-store point-of-sale (POS) terminals. This would give customers the option to make purchases by either tapping their mobile devices or debit cards.
“Interac is proud to work with Walmart Canada, one of the country’s leading retailers, to help deliver seamless online payment experiences,” William Keliehor, the chief commercial officer at Interac, said.
He added how such a collaboration with Walmart Canada would let customers use their own funds within their channel of choice. Given the scope, scale, and size of Walmart in terms of the domestic retail market, the collaboration also signaled an increased momentum in terms of Interac Debit’s expansion.
According to the official press release, it was also noted that Interac had an increase in transitions month-over-month since the advent of the coronavirus (COVID-19) pandemic. The average increase pertained to 22%.
“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,” Nicolai Salcedo, the chief information officer at Walmart Canada, said. Salcedo noted that listening to Walmart’s customers was part of an ongoing effort to make shopping more seamless.
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To receive more information, contact a Merchant Broker professional at either 1-888-668-0733 or info[at]merchantbroker.com.