Tagged: wal mart

Indian Digital Payments Fintech PhonePe Branches Out from Parent Flipkart, Will Secure $700M in Capital from Existing Investors

India-based digital payments firm PhonePe has branched out from its parent company, the Walmart-owned Flipkart Group. PhonePe is now valued at an estimated $5.5 billion, the company confirmed on December 3, 2020. According to the announcement, Flipkart will maintain its own majority stake of 87%… Read More

Walmart Orders Suppliers to Track Leafy Greens Using IBM Blockchain

“…(T)he traditional paper-based method of capturing information…at many farms, packing houses and warehouses…is extremely time-consuming,” says retail giant Walmart, and has exaggerated the impact of recent food contamination crises in the US. Walmart will therefore be requiring its suppliers of romaine lettuce to begin tracking… Read More

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