Wal-Mart Stores Inc launched its own mobile payment service 'Walmart Pay' on Dec 10, potentially dealing a sharp blow to the ambitions of CurrentC, a beta-stage mobile wallet the company had been co-developing with a consortium of retailers.
Walmart Pay is a free service that will be available on Apple and Android devices and allow payments with any major credit, debit, pre-paid or Walmart gift cards, the company said.
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