US retailer Target in initial development of own mobile wallet

US retailer Target in initial development of own mobile wallet

The sign outside the Target store is seen in Arvada, Colorado in this January 10, 2014 file photo. REUTERS/Rick Wilking/Files

Target Corp is in the early stages of developing its own mobile wallet, three people familiar with the matter said, joining Wal-Mart Stores Inc in posing a threat to recent entrants like Apple Pay.

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