August 24, 2016
Rite Aid to Accept Apple Pay, Google Wallet
Aug. 13, 2015
National drugstore chain Rite Aid said it will begin accepting mobile payments at all 4,600 locations beginning this Saturday, including Apple Pay and Google Wallet. Last October, the Camp Hill, Pa.-based company became one of the first high-profile retailers to turn off Apple Pay, reportedly because its involvement with merchant-backed mobile payments competitor MCX required contractual exclusivity. In April , when Best Buy announced a similar move, reports surfaced that three-year contracts with MCX were expiring and other members of the retailer consortium would begin accepting Apple Pay. Rite Aid’s statement focused on consumers, however, rather than the competitive landscape for mobile payments.
“Increasingly, consumers are actively seeking out and incorporating mobile technology into many facets of their life, including their shopping and purchasing decisions,” said Ken Martindale, CEO of Rite Aid stores and president of Rite Aid Corporation. “By accepting mobile payments, we’re able to offer Rite Aid customers an easy and convenient checkout process, which we know is important to them.”
MCX will pilot its CurrentC solution starting in a few weeks, but Rite Aid’s move may foreshadow a continuation of the problems MCX has been experiencing. In an interview with technology publication Re/code, MCX’s new CEO Brian Mooney hinted that, despite the pilot, CurrentC may not be ready for wider distribution before the end of this year.