Goodbye Tesco Pay+: Say Hello to Separate Payments

  • Tesco is phasing out the ‘Pay in-store’ feature from its app
  • The feature will no longer be available from March 7th
  • Alternative payment methods led to the decision
  • Customers can still earn points and access Clubcard Prices by scanning their Clubcard or app at the till

Tesco is removing its ‘Pay in-store’ feature, also known as Tesco Pay+, from its app due to the rise in popularity of alternative payment methods. The supermarket informed loyalty members that this change will take effect from March 7th. Customers can still earn points and access Clubcard Prices by scanning their Clubcard or app at the till. This decision comes as retailers are spending a record high of £1.8m on prevention measures.

Factuality Level: 7
Factuality Justification: The article provides accurate and relevant information about Tesco phasing out the ‘Pay in-store’ feature from its app and gives a clear reason for the decision. However, it could provide more details about the alternative payment methods that customers can use instead.
Noise Level: 6
Noise Justification: The article provides relevant information about Tesco phasing out its mobile payment feature and offers some context for why it’s happening, but it could provide more details on the rise in popularity of alternative payment methods or any potential impact on customers. It also includes unrelated information about retailers spending on prevention measures.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses Tesco’s decision to phase out the ‘Pay in-store’ feature from its app, which may impact how customers pay and earn rewards at the supermarket. This is related to financial topics as it involves payment methods and customer behavior in a retail setting.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event in the text and it doesn’t discuss any major events or crises.

Reported publicly: www.retailgazette.co.uk