Tagged: walmart

March 17, 2023 @ 8:59 am By Omar Faridi  |  

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

March 2, 2023 @ 7:33 pm By Omar Faridi  |  

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

January 27, 2022 @ 7:07 pm By Omar Faridi  |  

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

December 9, 2021 @ 11:04 pm By Omar Faridi  |  

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

October 28, 2021 @ 3:18 pm By Omar Faridi  |  

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

October 8, 2021 @ 3:40 pm By Tony Zerucha  |  

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

September 13, 2021 @ 9:41 am By JD Alois  |  

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

August 17, 2021 @ 8:55 am By Omar Faridi  |  

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

June 27, 2021 @ 8:36 pm By Omar Faridi  |  

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

March 14, 2021 @ 10:13 pm By Omar Faridi  |  

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

March 2, 2021 @ 11:00 am By JD Alois  |  

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

January 12, 2021 @ 10:32 am By JD Alois  |  

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

December 5, 2020 @ 1:15 pm By Omar Faridi  |  

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

August 15, 2020 @ 6:23 pm By Omar Faridi  |  

StormX, which allows users to complete gamified micro-tasks or shop online while earning as much as 87.5% cryptocurrency back as a StormX rewards member, is now allowing customers to earn cashback in digital currencies when they shop at a Walmart store. StormX users will be… Read More

June 23, 2020 @ 9:12 pm By Omar Faridi  |  

Oakland, California based Fintech firm Even aims to improve the financial wellbeing of workers and also wants to help people become better money managers. PayPal Ventures, Valar Ventures, Founders Fund, and Marc Benioff have recently made investments in Even. Even claims it’s the only Fintech… Read More

March 18, 2020 @ 12:58 am By Omar Faridi  |  

India-headquartered PhonePe, a major digital payments platform, has been diversifying its line of products and services, which initially included only a mobile wallet (and a few other services). PhonePe is planning to become a full-fledged financial services firm, and has been working toward this goal… Read More

November 16, 2019 @ 8:52 am By Cali Haan  |  

Walmart Canada (NYSE:WMT) and DLT Labs have announced the launch of the, “world’s largest full production blockchain solution for industrial application.” The system is a “blockchain-based” (or distributed ledger technology) freight and payment network that, “establishes state-of-the-art collaboration and information sharing with 70 third-party trucking companies… Read More

October 5, 2019 @ 10:56 am By Omar Faridi  |  

Walmart Inc. (NYSE:WMT), a Bentonville, Arkansas headquartered multinational retail corporation, is partnering with tech giant IBM, in order to use blockchain technology to monitor its shrimp supply chains. Walmart will be using distributed ledger technology (DLT) to track Indian-sourced shrimp delivered to several Sam’s Club… Read More

August 7, 2019 @ 1:35 am By Cali Haan  |  

Walmart is looking to create a digital coin similar to Facebook’s, but the coin’s design and its connection to a universe of real products suggest the world’s largest retailer is hoping to create a loyalty system on overdrive. According to Walmart’s patent for the coin… Read More

October 12, 2018 @ 9:07 am By Samantha Hurst  |  

On Thursday, PayPal announced it has formed a new partnership retailer giant Walmart to begin rolling out PayPal cash in and cash out money services at Walmart for an exclusive fee of $3 per service. According to PayPal, this is the first time PayPal mobile… Read More