Payments News

On The Web

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Companies

The Value Chain Constraint

“Walmart was able to integrate wholesale purchasing with an expansive network of stores; this provided a moat of sustainably lower prices for customer driven by purchasing power over suppliers. Amazon, though, thanks to technological innovation — specifically, the Internet — was able to build a different integration in the value chain:”
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Companies

Walmart Unveils Voice-Activated, Google-Powered Grocery Shopping

“Beginning this month, Walmart shoppers can add items directly to their online shopping carts by saying “Hey Google, talk to Walmart.” Information from prior purchases will help identify the correct brand and size — like whether you drink 1 percent or skim milk without having to specify, according to Tom Ward, Walmart’s senior vice president […]
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Companies

Walmart Now Accepts SNAP for Online Grocery Orders at All 2,500+ Pickup Locations

“Walmart has been working to address the needs of low-income shoppers for some time. More recently, it’s been introducing new ways to serve customers on public assistance. In fall 2017, the retailer began a small test allowing customers to pay for online grocery orders using their SNAP (Supplemental Nutrition Assistance Program) benefits — more casually […]
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Companies

Walmart Hires Global Tech Chief to Compete With Amazon

“Walmart is working to becoming an increasingly tech-focused company, buying up e-commerce startups, investing heavily to boost online sales, adding more grocery-delivery options and working to ramp up its digital ad revenue . The bulk of Walmart’s revenues and profits came from around 4,600 U.S. stores as of the most recent quarter.”
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Companies

Walmart Extends Streak of Sales Growth

“While some retailers have closed or seen sales sputter in recent years with the rise of online shopping, quarterly comparable sales have risen consistently in Walmart’s primary U.S. business for over four years. Walmart has shifted strategies, significantly reducing spending on building new stores in favor of growing online, lowering prices and adding more services […]

On The Wires

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Companies

Affirm and Walmart Announce Omnichannel Partnership

“Affirm, Inc., the financial technology company that provides transparent and consumer-friendly payment alternatives to cash and traditional credit, today announced a partnership with Walmart that will give shoppers the option of using Affirm to pay for their purchases over time at nearly 4,000 Supercenters nationwide. Walmart will begin to integrate Affirm as a payment option […]