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Walmart

FintechNews RoundupUSA
·Jun. 14, 2019

The Argument Against Allowing Banking at Post Offices

In an American Banker op-ed, a senior fellow at the Cato Institute argues against the idea of allowing post offices...
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FintechNews RoundupUSA
·Jan. 10, 2019

Even Announces New Investment and Hires

Even currently has a deal with Walmart and Kronos to provide financial help and paycheck advances to their employees; Aaron...
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FintechNews RoundupUSA
·Apr. 4, 2018

Walmart Expands Global Money Transfer

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.

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FintechNews RoundupUSA
·Feb. 27, 2019

Walmart Partners with Affirm on Point of Sale Loans

The largest retailer in the U.S. has partnered with fintech Affirm to offer customers point of sale loans at 4,000...
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FintechNews RoundupUSA
·Jan. 3, 2019

Blockchain to Bear Fruit in 2019

Despite the declines seen in the sector in 2018, many analysts see 2019 as the year blockchain innovation will begin...
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FintechNews RoundupUSA
·Dec. 14, 2017

Walmart Partners with Fintechs to Allow Employees to Access Paychecks Before Payday

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.

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