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Tesco unveils Tesco Pay+

Tags: Tesco (LON:TSCO)

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  • Tesco Pay+ offers automatic reward and convenience for loyal shoppers
  • New mobile payments app underlines Tesco’s commitment to transforming customer experience

Friday 29th September - Tesco is excited to announce the launch of Tesco Pay+. The mobile payments app, which replaces PayQwiq from Tesco, makes the shopping trip more convenient and more rewarding for customers looking to pay using their smartphone. Key features of the digital wallet, include:-

  • Ease and convenience at the checkout with simple and fast payment method
  • Ability to automatically collect Clubcard points with a single swipe
  • Link multiple payment cards on the app
  • Pay for shopping up to the value of £250

Launched in 2015, the digital wallet service has been progressively rolled out across Tesco’s UK stores, with hundreds of thousands of customers having downloaded and using the app on a regular basis to vastly improve their checkout experience when shopping at Tesco.  

On average, a transaction using the Tesco Pay+ digital wallet takes place every three seconds at a Tesco store, demonstrating its growing popularity with loyal Tesco shoppers. Since its rollout earlier this year the app has amassed over a quarter of a million users. 

The decision to rebrand the digital wallet app to Tesco Pay+ marks Tesco’s commitment to offering customers a unique shopping experience across all UK stores. Customers using Tesco Pay+ will automatically collect Clubcard points for every transaction made at Tesco. As an extra little help, customers who use Tesco Pay + will collect one extra Clubcard point for every four pound spent in Tesco, making Pay+ one of the most rewarding way to pay in Tesco. Offer expires 14 January 2018. 

The simple and fast checkout experience delivered by Tesco Pay+ is driving greater customer loyalty through combing a higher transaction limit than contactless and auto collection of Clubcard points in a single scan at checkout.

Commenting on the launch of Tesco Pay+, Mark Loch, Tesco Digital Wallet and Group Payments Director, said: 

“The world is changing rapidly around us. How customers interact with their shopping experience, how they manage their money, and how they determine value, are developing all of the time. We are proud that we constantly invest in enhancing the shopping experience so that our customers receive a unique and exceptional service. Our digital wallet has proved to be hugely popular with our customers and we are confident that Tesco Pay +, with its fantastic capability, will continue to transform the shopping journey offering little helps to customers every time they shop in Tesco.” 

Tesco Pay+ is available for both Android and iOS smartphones, allows customers to pay and also collect Clubcard points, all with one simple scan of their phone. The app has a single transaction limit of £250 to ensure that customers can use Tesco Pay+ to pay for their weekly shop and more. 

For more information on Tesco Pay + please visit: www.tesco.com/pay-plus/

Tesco Pay+ is operated by Tesco Bank

*Offer expires 14 January 2018

Customers can use Pay+ in all Tesco stores across the UK, including Tesco Express, Tesco Metro, Tesco Extra and Tesco Superstores, as well as Tesco filling stations.

The Tesco Clubcard Scheme is administered by Tesco Stores Limited, Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, AL7 1GA, who are responsible for fulfilling points.

About us:

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 6 million customers every day with everything from insuring their pets, to buying their first home. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7.