Wal-Mart launches Walmart Pay in more than 500 stores

Wal-Mart Stores Inc. said Thursday that it is introducing Walmart Pay, its mobile pay service, in 11 more states including New York, Pennsylvania, Maryland, and Delaware, and across New England making the service available in more than 500 new stores. Wal-Mart recently added Walmart Pay in stores across Georgia and Alabama. Walmart Pay operates on both Android and iOS, in all checkout lanes, through the retailer's app. Wal-Mart says more than 20 million people actively use the company's app each month. Wal-Mart shares are inactive in premarket trading, but up 18.2% for the year so far. The S&P 500 is up 1.3% for the year to date.

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