The world's largest retailer is hoping its mobile payments app will bring convenience and faster checkout times for shoppers, as well as provide it with fresh data on its customers’ shopping habits. More than 20m people currently regularly use WalMart's app.
With 140 million weekly shoppers, the expansion also puts the retailer in direct competition with technology giants such as Apple Inc., Alphabet Inc. and Samsung Electronics Co., which all offer their own ways for consumers to make mobile purchases. Shares of Wal-Mart rose 0.9 percent to $73.82 at the close in New York. The stock has gained 20 percent this year.