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Target to launch its own mobile payment service?

US retail giant Target is in the early stages of developing its own mobile payment service. “Target’s team has taken some important decisions such as partnering with credit card companies,” Reuters reports. “The mobile wallet could launch as early as next year.” Target is the latest member of retailer-led consortium MCX to show interest in launching its own mobile payment service, following in the footsteps of Walmart which launched Walmart Pay earlier this month.

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