Tesco Launches PayQuiq Mobile Payment System In Stores Across London Region

Retailer Tesco plans to launch its PayQuiq mobile payment system for stores across the London region. To be available at about 500 Tesco stores within the M25 area, the PayQuiq app will let shoppers pay for purchases worth up to £400 using their mobile phones. Tesco has sent invitations to 600,000 members of its loyalty program Clubcard to download and test the mobile app. Tesco’s PayQuiq is designed to compete with Apple Pay and Android Pay mobile payment systems.