Tesco in the U.K. has announced that PayQwiq, the digital wallet app, will to be relaunched as Tesco Pay+. Further details about Tesco Pay+ will follow later in September, according to a press release.

Launched in 2015, the PayQwiq digital wallet app enables customers to pay for their goods in a simple and fast manner while at the same time collecting their Clubcard points. Key features of the digital wallet include: 

• Ease and convenience at the checkout with simple and fast payment method.
• Ability to collect Clubcard points with a single swipe.
• Hold multiple payment cards on the app.
• Pay for shopping up to the value of £250.

"We are really excited to be telling customers today that their digital wallet will soon be changing its name to Tesco Pay+," Mark Loch, Tesco digital wallets and group payments strategy director, said in the release. "The journey of our digital wallet has been an exciting one and we’ve learned a great deal about our customers and how they shop in that time."