Tagged: walmart

Walmart backed Fintech OnePay to Launch Bitcoin and Ethereum Trading

OnePay, a financial technology company that is owned by Walmart, is introducing Bitcoin and Ethereum trading services to its mobile app, according sources familiar with the matter and as cited by CNBC. The Fintech company is said to be working cooperatively with stablecoin and crypto… Read More

Walmart Business and TreviPay Aim to Enhance Pay By Invoice Initiative

Walmart (NYSE:WMT) is entering an alliance that aims to transform how companies handle their purchasing needs. TreviPay, a provider of business-to-business (B2B) payment solutions, announced a deepened partnership with Walmart Business to advance the retailer’s Pay By Invoice initiative. This collaboration marks a pivotal expansion, introducing… Read More

Walmart backed Fintech OnePay Expands Services with Wireless Plans

OnePay, a Fintech startup majority-owned by Walmart, has introduced its own branded wireless service, OnePay Wireless. Launched this month, this offering is reportedly available through the OnePay app, marking a key milestone in the company’s goal to evolve into an all-in-one “super app” for US… Read More

OnePay and Synchrony to Launch Credit Card Program with Walmart

OnePay, a consumer fintech, and Synchrony (NYSE: SYF), a  consumer financial services company, announced a partnership to power a credit card program with Walmart (NYSE: WMT). The credit card program is expected to launch this fall, “with the experience embedded inside the OnePay app and… Read More

Affirm Comments on Klarna, OnePay Taking Over BNPL Service for Walmart

Earlier today, it was reported that Affirm (NASDAQ:AFRM) had been pushed out from one of the largest retailers in the world. Klarna, expected to soon become a public company, had announced partnering with OnePay to supplant Affirm in providing buy now pay later (BNPL) services… Read More

Klarna to Power Walmart’s BNPL Service in OnePay Partnership

Klarna, a European Fintech, says it will step in and now offer Walmart (NYSE: WMT) customers its buy now pay later (BNPL) service in partnership with OnePay. OnePay is a consumer Fintech backed by Walmart and Ribbit Capital and already used on the Walmart platform…. Read More

CFPB Sues Walmart and Branch Messenger for “Illegally” Opening Deposit Accounts for Delivery Drivers

The Consumer Financial Protection Bureau (CFPB) sued Walmart (NYSE: WMT) and Branch Messenger for forcing delivery drivers to use costly deposit accounts to get paid and for deceiving workers— “last mile” drivers in Walmart’s Spark Driver program—about how they could access their earnings. The CFPB’s… Read More

BNPL Fintech Affirm Expands Services with Walmart to Provide Flexible Pay Over Time Options to Self-Checkout Kiosks

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced it has expanded its services with Walmart in order to “bring Affirm’s transparent and flexible pay-over-time options to self-checkout kiosks at over 4,500 Walmart stores in the United States.”… Read More

Indian Fintech Platform PhonePe Secures Additional $200M in Funding from Walmart

PhonePe, one of India’s largest Fintech platforms, announced it has raised an additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding reportedly comes as “a part of PhonePe’s ongoing fundraise of up to $1 billion in… Read More

Walmart, Citi Introduce Bridge to Walmart Suppliers

Walmart (NYSE: WMT) and Citi (NYSE: C) are collaborating to introduce the Bridge built by Citi platform (Bridge) to Walmart’s 10,000 small- and medium-sized businesses (SMBs) in their US-based supplier network. Bridge is “a digital platform that connects SMBs with a diverse group of more… Read More

Fintech Hazel Announces Merger Agreements with Even and ONE so they can Improve Consumers’ Financial Lives

Hazel, the independent Fintech launched in partnership with Walmart (NYSE: WMT) and investment company Ribbit Capital, has announced that it has entered into definitive agreements to “acquire fintech platforms Even and ONE, marking the startup’s emergence from stealth mode.” The transactions, which are set to… Read More

Walmart Canada Introduces Interac Debit Payments for Digital Commerce Shopping via Walmart.ca and Walmart Mobile App

Walmart Canada and Interac Corp. have announced that they have teamed up to provide  Walmart Canada clients the option to make payments with Interac Debit via Walmart.ca and in-app. As of December 8, 2021, Walmart Canada clients are able to check out using Interac Debit… Read More

Walmart Offers Greater Convenience to Clients by Expanding Bill Payment, Cash Loading Services

Walmart (NYSE: WMT) and InComm Payments, a payments tech firm, has unveiled  a more convenient and effective way for clients to settle their bills or top-up prepaid accounts nationwide at over 4,700 Walmart locations in the US via VanillaDirect. Bringing this service to Walmart stores… Read More

Fraud Protection Must Be Priority For BNPL Merchants

As is the case with any technology, when a new service becomes popular, it will also grab the attention of fraudsters. The latest process to get this treatment is the buy now pay later (BNPL) sector, a service recently adopted by Walmart and Target. With… Read More

Walmart Partnership with Litecoin Fake News [u]

Update: Reports are now circulating that the Walmart/Litecoin partnership is fake news. A release was distributed via a prominent news service earlier this morning highlighting the partnership between the global retailer and top crypto. CI reported earlier today that Walmart would be partnering with Litecoin… Read More

Walmart Is Looking for a Digital Currency and Cryptocurrency Product Lead

The Walmart (NYSE: WMT) location in Bentonville, Arizona is looking for a Digital Currency and Cryptocurrency Product Lead. As noted in the job description, Walmart appears to be looking for a professional who is passionate about virtual currencies and “driven by opportunities to scale new… Read More

Walmart and Fintech Green Dot Reveal that Walmart MoneyCard Is Now Offered as Demand Deposit Account

Walmart (NYSE: WMT) and Green Dot (NYSE: GDOT) recently revealed that the Walmart MoneyCard that’s issued by Green Dot Bank is now being provided as a demand deposit account (DDA) – which may be better equipped to assist Walmart clients with saving more money and… Read More

Russian Tech Firms Yandex, Mail.ru Group, Ozon, Wildberries to Establish Fintech Businesses that may Compete with Incumbents

Russian technology firms Yandex, Mail.ru Group, Ozon and Wildberries are reportedly creating their own Fintech platforms so that they can potentially compete with some of the largest banks in the country, according to a report from Forbes Russia. As first reported by the New Economy… Read More

Marcus Executive Moves to Walmart. New Digital Bank in the Works?

Marcus executive Omer Ismail has left Goldman Sachs (NYSE:GS) for Walmart (NYSE: WMT), according to a report in Bloomberg. Marcus has emerged as a top digital bank in the US growing rapidly in both users and services provided minus bank branches. The report states that… Read More

Working with Ribbit Capital, Walmart Gets into Fintech with New Startup

Walmart (NYSE: WMT), the largest retailer in the world with over $500 billion in revenue, is getting into Fintech with longtime Fintech investor Ribbit Capital, according to a release. The startup is expected to provide “modern, innovative, and affordable financial solutions.” The Fintech will be… Read More

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