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 helps with creating more convenience for Walmart clients by enabling them to easily settle their bills or fund accounts in the InComm Payments VanillaDirect network, which reportedly includes over 15,000 billers and account providers across different sectors, like utility, telecommunication, tolling, banking, rental firms and insurance service providers.
The offering adds to the retailer’s comprehensive financial services and shows Walmart’s commitment to serving unbanked and underbanked clients, the announcement noted.
Julia Unger, VP of Financial Services at Walmart, stated:
“We know our customers are busy. We’re excited to bring to life a new service that helps make the monthly chore of paying bills faster and easier at Walmart. We continue to be committed to providing our customers valuable and efficient services to help them manage their finances.”
The cash payment process is fast and convenient, the update noted. Clients are able to pay off their bills and fund a different account types at Walmart’s customer service desk or Walmart Money Center by simply scanning a barcode associated with their account (through a paper copy or digitally via their smartphones or other mobile device) and finalizing their payment with cash. Funds get sent digitally via a single settlement.
Stefan Happ, president of InComm Payments, remarked:
“This solution is another important milestone in our longstanding relationship with Walmart and our pursuit to provide their customers with leading-edge products and services. VanillaDirect is an excellent addition to Walmart’s payment options that provides their cash-centric customer with a new, convenient and easy-to-use method for paying bills and funding the accounts that support their everyday lives.”
