Another retailer made a mobile payment platform – should Apple Pay be worried?

According to a new report, US retailer Target is developing a mobile wallet solution to take on the likes of Apple Pay, Android Pay and Samsung Pay.

However, Target has said that while it is developing a mobile wallet, it hasn’t committed to launching it, according to sources speaking to Reuters.

Still, it could come as early as next year if the retailer does go ahead with a launch, as it already has partners lined up.

Payment options

The news comes just a week after Walmart launched a QR-based mobile payment solution, Walmart Pay, as an extension of its smartphone app.

Like Walmart, Target had put its lot in with the QR code-based payment app CurrentC to take on Apple Pay, though the launch of CurrentC has since been delayed.

It’s very likely that Target’s mobile wallet could incorporate CurrentC, or Target could instead use NFC instead.

Either way, there is an increasing interesest in mobile payment solutions, and there looks to be a lot more options headed our way.

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