News, Education and Events Decoding Digital Payments & Fraud

News, Education and Events Decoding Digital Payments & Fraud

Walmart Launches Automated Store in China

Walmart Launches Automated Store in China

When Amazon opened its completely automated convenience store concept, Amazon Go, to the public in January, it touched off a race by traditional retailers to catch up. Bricks-and-mortar merchants all over the world are trying to leverage mobile technology in many of the ways Amazon showed in Seattle over the past year, according to a report in the New York Times on Sunday.

On Monday, Walmart opened its own version of a store that integrates online and offline shopping, but it did so in a place where consumers are more comfortable using their phones to make purchases: China. Walmart, which owns a stake in Chinese Amazon competitor JD.com, said 90 percent of the store’s 8,000 items will be available online and users can pay using WeChat Pay (also owned by JD.com parent Tencent Holdings) to skip the checkout line.

Read The Next CNP Report Article

Selling Online in China: The Rise of Alipay and WeChat Pay