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Faster checkouts and higher Visa usage could improve store throughput and member satisfaction, potentially supporting spending per visit and loyalty metrics; historically, digital wallet rollouts can modestly lift engagement though margins remain largely unchanged in the near term.
What happened, with direct paths to the underlying reporting
Costco announced an expansion of its Digital Membership Card, enabling members to link any Visa card to the Costco app and pay via smartphones at warehouses (food court excluded). The upgrade aims to speed checkouts and boost digital wallet adoption, potentially lifting member engagement and Visa usage at Costco in the near term.
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