Tesco - Tesco takes on Apple Pay with "PayQwiq" - Good to see Tesco continuing...

Good to see Tesco continuing to keep pace with new payment mechanisms. I read an article this morning about how Tesco are trialling a new payment method at their Self-Checkout tils, called PayQwiq.

It's currently only being trialled in London and Edinburgh I believe and basically allows the customer to use a card stored in their Tesco online account to pay for goods in store at a Self-Checkout.

Here's more about the system:
[link]

Here's the article I read on The Register:
[link]

Not sure I'm keen on the name of the system but the principle is great and shows Tesco is continuing to look at new and "faster(?)" payment methods!

Maybe this is the first step of Tesco taking on the payment gateway market and take on the likes of RBS / Streamline.

There is a frenzy at the moment, brought to the media's attention by the release of the Apple iPhone 6 with "Apple Pay", which involves using your mobile to make payments. If this craze is to take off, and Tesco are to be involved with it, it bodes well!