The Tez rebranding is likely to convince Walmart not to accept NFC payments. Instead, Walmart will demand that Alphabet and Apple adopt QR Code.
Google Pay is likely to roll out QR Code in the United States. That will force Apple (NASDAQ: AAPL) to add QR code to Apple Pay. A natural consequence of Google Pay QR Code is PayPal adopting QR Code. The addition of QR Code to Venmo is inevitable too.
The tech giants will have to go along because Walmart is on track to generate $500.34 billion (half a trillion dollars) in revenues in 2018, Statista forecast. Access to that revenue is probably what convinced Alphabet to add QR Code to Google Pay.Read more