Fintech Nexus discussed Walmart's fintech strategy in Mexico with Marcelino Herrera, Chief Financial Services Officer at the retailer.
Through Walmart2Walmart, customers can send money from any U.S. Walmart to any Walmart store in Mexico for as little as $2.50 per transaction.
The largest retailer in the U.S. has partnered with fintech Affirm to offer customers point of sale loans at 4,000...
Walmart partnered with Even and PayActiv to provide a set of products for their more than 1.4 million employees; employees will be able to access earned weaves ahead of schedule using an Instapay feature; “We’re investing to give our people financial tools that help provide more stability in their lives, which we believe will empower them to be all they can be when they are at work serving our customers,” explained Jacqui Canney, Walmart’s Chief People Officer; Walmart is covering the cost of Even’s tool and it will allow for employees to access Instapay eight times a year for free. Source.
In an American Banker op-ed, a senior fellow at the Cato Institute argues against the idea of allowing post offices...
Walmart Mexico announced the acquisition of payments startup Trafalgar to strengthen its digital wallet initiative.
Despite the declines seen in the sector in 2018, many analysts see 2019 as the year blockchain innovation will begin...
Walmart has expanded their money transfer service to over 200 countries and all their U.S. locations; the expansion is through a partnership with Moneygram; Walmart’s move comes after recent news of Amazon expanding their financial services options for customers; “Money transfer services are like bread at the restaurant for Walmart; it’s negligible revenue for them,” said Daniel Ives, chief strategy officer at GBH Insights tells TearSheet. “The broader strategy is to build up that product arsenal on the consumer side — every Walmart customer globally is an Amazon customer that could be taken away.” Source.
At the CB Insights conference last week Max Levchin, the CEO and Co-founder of Affirm, talked about the status of...
Green Dot’s Founders & CEO Steve Streit left the company in December 2019 as they were transitioning from prepaid card...