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.
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...