Tesco promises more from rebranded in-store payment wallet 
UK retail giant Tesco is rebranding its PayQwiq in-store payments system two years after being trialled. Now named Tesco Pay+, the app includes all its predecessor's features but Tesco has promised additional functionality in the future. As an incentive, until 14 January, customers are being offered a bonus loyalty-card point for every £4 ($5.3) spent via Tesco Pay+, which has a higher spending threshold than other contactless payment methods. Tesco said customers using the app visit stores 20% more often and that the payment system frees up staff to do more useful shop-floor tasks.
Tesco has officially launched Tesco Pay+ in a move designed to make payments in-store faster and easier. A replacement for PayQwik Tesco Pay+ replaces PayQwik from Tesco, the popular digital wallet service. First trialled two years ago and now rolled out to stores nationwide, the app has…