Tesco launches mobile payments app

Tesco has launched a new mobile payment app called PayQwiq that allows its customers to store debit card and Tesco Clubcard details and can accept payments of up to £400. It has already been piloted in 50 stores around Edinburgh and London and has now extended to around 500 stores within the M25. At the same time, Sainsbury's is trialling its own version called SmartShop.

The supermarket’s new app allows shoppers to store debit card and Tesco Clubcard details and has been tested with thousands of customers around 50 stores in Edinburgh and London, according to Drapers sister title Retail Week.

Tesco is now extending the scheme to around 500 Tesco stores within the M25.

Rival Sainsbury’s is trialling its version of an app called SmartShop, while Asda’s owner Walmart has launched an alternative in the US.