Payments News

On The Web

nbsp;

Companies

Walmart Files for Trademark for Fintech Unit: ‘Hazel by Walmart’

“Walmart Inc. ’s financial technology venture, still shrouded in mystery, now has a possible name: Hazel by Walmart. The world’s largest retailer filed for a trademark on the name on March 29, in the process giving clues as to what the startup might actually do. The application with the U.S. Patent and Trademark Office includes […]
nbsp; nbsp;

Companies

Walmart’s Amazon Prime Competitor Will Launch in July

“Amazon may have a 15-year head start, but Walmart is close to finally unveiling its own membership program that it hopes will eventually become an alternative to Amazon Prime. Walmart plans to launch a new subscription service later this month called Walmart+ that will cost $98 a year. It will include perks like same-day delivery […]
nbsp; nbsp;

Companies

Walmart’s U.S. Boss Expects Coronavirus to Alter Shopping Permanently

“When John Furner became chief executive of Walmart Inc.’s WMT -0.53% U.S. operations last year, the biggest challenge was Amazon.com Inc. AMZN -0.40% Now Mr. Furner—who began his career at the company in 1993 as an hourly store worker and most recently led Walmart’s Sam’s Club—is leading the largest business unit at the country’s largest retailer during […]
nbsp;

Companies

Walmart Posts 41% Online Sales Growth In Q3 As Grocery Investments Pay Off – Retail TouchPoints

“Walmart is headed into the holidays with a jolly outlook after posting Q3 online sales growth of 41% and a better-than-expected 3.2% growth rate in U.S. same-store sales. The company attributed the online sales growth to ongoing expansion of its online grocery services. Walmart as a whole now generates 56% of its revenue from food and grocery sales.”

On The Wires

nbsp;

Companies

Walmart Announces Creation of New Fintech Startup

“Today, Walmart announced the creation of a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions. The new company is a strategic partnership with leading fintech investment firm Ribbit Capital. The venture will bring together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences tailored […]
nbsp;

Companies

Walmart Introduces Walmart+

“Walmart is launching a new membership program that brings together in-store and online benefits to save customers money and time like no other retailer can: Walmart+. Walmart+ uses the company’s unique assets to make life easier for busy families. Along with the power of its online presence, Walmart+ has the reach of more than 4,700 […]
nbsp; nbsp;

Companies

PayPal Now Available on Walmart.ca

“PayPal is now available as a new payment option on Walmart.ca as more Canadians shop online for groceries and essentials than ever before, according to new research. Choosing PayPal during checkout means Canadians have the flexibility of paying for their purchase with their bank account, Visa Debit card, or credit card linked to their PayPal account […]