Target released its own mobile payments system today, called Wallet, which will live inside its app on iOS and Android. Reports of Target working on an in-house mobile wallet surfaced as early as 2015. Target confirmed the reports this past January to The Verge’s sister site Recode.

The feature works like this: you open Wallet inside a Target store, scan any coupon barcodes, and then scan your Wallet barcode at the register to pay with your REDcard (which you upload beforehand). Currently, you must have a REDcard — which are Target-branded credit or debit cards with special offers — if you want to use the Wallet feature, but the feature will eventually roll out to non-cardholders. Target gift cards can’t be used with Wallet yet.

Target…

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