Walmart de México launches its digital portfolio.

Called Cashi, the mobile app allows you to pay for in-store products or online services, such as electricity, phone and even Uber, without having to use credit card. To use Cashi, users must download the application, available for free on iOS and Android operating systems, and visit any one of Walmart's stores to deposit money in the digital wallet by scanning a code in cash registers. Thus, the customer can use the balance deposited to pay for services and purchases. For the moment, the company has indicated that Cashi can only be used in Walmart, Superama and Sam's Club formats.

"Cashi It consists in having the customer who has the money deposit it in the application and at that moment, you can make payments in our stores, you have access to the payment of services from the comfort of your home, to Spotify and UberOlga González, Senior Vice President of Administration and Finance (CFO), explained to El Financiero.

The Cashi mobile app is now available to be downloaded for free in IOS and Android operating systems.

To use Cashi, users must download the app and go to one of Walmart's stores to deposit money in the digital wallet, when scanning a code in cash registers.

Thus, the balance deposited in Cashi can be used by the customer to pay for services and purchases.

At the moment, Cashi can only be used in the following formats: Walmart Stores, Superama and Sam's Clubbut before the end of the year, it can also be used in Bodega Aurrerasaid the company.

"Cashi simplifies the use of cash and provides access to online shopping and service payments to unbanked customers – it will be a key factor for multi-channel sales in the future", a- he said at a conference with analysts Guilherme Loureiro, president Walmex

Olga González pointed out that the benefit of Cashi's payment services is that no commission is charged and you will not have to do any wireat.

He argued that for the first half of 2019, the balance found in Cashi can be used for electronic purchases on all platforms of Walmart store formats.

"The second phase, which will be for the next year, is that customers can drive and know how the money is spent, we will include financial services, for example financial transfers, a loyalty program, and online shopping by paying with Cashi, "said the CFO.