Wal-Mart launches mobile wallet 'Walmart Pay'

Wal-Mart Stores Inc launched its own mobile payment service 'Walmart Pay' on Thursday, potentially dealing a sharp blow to the ambitions of CurrentC, a beta-stage mobile wallet the company had been co-developing with a consortium of retailers. Walmart Pay is a free service that will be available on Apple and Android devices and allow payments with any major credit, debit, pre-paid or Walmart gift cards, the company said. The company said Walmart Pay was developed independently, but it continues