Tesco Bank has announced that it will be relaunching its digital wallet app.
PayQwig will become Tesco Pay+ with the bank revealing further details about the relaunch later this month.
Launched in 2015, the PayQwig digital wallet app allows Tesco customers to pay for their shopping in a simple and fast manner, while also collecting Clubcard points.
The digital wallet also includes:
- ease and convenience at the checkout with a simple and fast payment method
- ability to collect Clubcard points with a single swipe
- hold multiple payment cards on the app
- pay for shopping up to the value of £250.
“We are really excited to be telling customers today that their digital wallet will soon be changing its name to Tesco Pay+,” said Mark Loch, Tesco digital wallets and group payments strategy director.
“The journey of our digital wallet has been an exciting one and we've learned a great deal about our customers and how they shop in that time.
“We believe that Tesco Pay+ is going to help the customer journey, offering greater little helps, and we're looking forward to revealing more in a few weeks' time.”
The digital wallet is available for both Android and iOS smartphones.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Sainsbury’s Bank withdraws all base rate tracker products
Sainsbury’s Bank has removed all of its base rate tracker mortgage products with immediate effect...
Leek United extends mortgage offer period
Leek United Building Society has announced that it has doubled the offer period on its mortgages from three to six months...
STB strengthens real estate finance division
Secure Trust Bank (STB) has announced the appointment of Chris King (pictured above) and Andy Thomson to lead the company’s real estate finance division across London and the South East...
CYBG and Virgin Money agree takeover offer
The boards of Virgin Money Holdings (UK) PLC and CYBG PLC have agreed the terms of a recommended all-share offer to be made by CYBG for Virgin Money...
UTB extends max loan size on second charge mortgages
United Trust Bank has increased the maximum loan size on its second charge mortgages from £250,000 to £400,000...
BBB launches online information hub
The British Business Bank has introduced an online hub that provides information regarding the finance options available to scale-up, high-growth and potential high-growth smaller businesses...
Metro Bank updates mortgage rates
Metro Bank has refreshed the rates across its residential, buy-to-let (BTL) and large loan ranges...
Our response to the Treasury committee's SME finance inquiry
Earlier this year, the Treasury committee launched an inquiry into SME finance looking at a number of issues...
Anthony Browne joins Coconut board
Coconut – the smart current account for freelancers and the self-employed – has appointed Anthony Browne (pictured above) to its board...
Cambridge & Counties to launch new products and expand UK reach
Specialist bank Cambridge & Counties has revealed that it aims to cover the entire country within the next few years, as well as expanding its product suite...
OakNorth provides £7.3m loan to luxury hotel chain
OakNorth has completed a £73m loan to Z Hotels, bringing its total lending to the hotel group to £225m...