0
  • FINTECH
  • FINANCE
  • CRYPTO
  • BUSINESS
  • MARKETS
  • PR
  • CONTACT
  • ABOUT
  • TEAM
  • ADVERTISE
  • CONTACT
FintechMode FintechMode
FintechMode FintechMode
FintechMode FintechMode
  • FINTECH
  • FINANCE
  • CRYPTO
  • BUSINESS
  • MARKETS
  • PR
  • CONTACT
0
Trending Now
Fintoism Syscoin Gaming GameNetworkingSockets Tencent Gaming Revenue

Tencent Holdings Notes Minor Gaming Revenue Growth Again

March 22, 2023

Arcade fighting game Battle of Olympus to launch presale for GODLY token on Arbitrum on March 27

March 22, 2023
cannabis legislation

Latest Updates on Cannabis Legislation

March 22, 2023
Fintechmode Corporate Voting Rate Hike

A New Fed Rate Hike Can Permanently Cripple The U.S. Economy

March 22, 2023
FintechMode FintechMode
  • FINTECH
  • FINANCE
  • CRYPTO
  • BUSINESS
  • MARKETS
  • PR
  • CONTACT
Trending Now
Fintoism Syscoin Gaming GameNetworkingSockets Tencent Gaming Revenue

Tencent Holdings Notes Minor Gaming Revenue Growth Again

March 22, 2023

Arcade fighting game Battle of Olympus to launch presale for GODLY token on Arbitrum on March 27

March 22, 2023
cannabis legislation

Latest Updates on Cannabis Legislation

March 22, 2023
Fintechmode Corporate Voting Rate Hike

A New Fed Rate Hike Can Permanently Cripple The U.S. Economy

March 22, 2023
0
FintechMode > Blog > News > Finance > Walmart Will Roll Out Its Digital Checking Account Soon
FinanceFintech

Walmart Will Roll Out Its Digital Checking Account Soon

Avatar
Posted by JP Buntinx September 15, 2022 2 Min Read
Share
READ NEXT
Fintoism Banks Profits Global Financial System Pocket Money
How Do Modern Banks Make Money?

Retail giant Walmart has a keen interest in providing financial products and services. Its latest venture is a digital checking account, which will go into beta testing over the coming weeks. 

Walmart Enters The Digital Checking Account Game

It is intriguing to see one of the US’s most prominent retailers expand its financial services presence. A digital checking account for employees and customers is a big step for Walmart. Although the solution has yet to enter thorough beta testing, it signifies the retailer’s ambitions in finance. Moreover, it paves the way for future services, including lending and investing opportunities. 

Walmart will provide this digital checking account through One, the independent fintech unit established by the retailer. One is led by former Goldman Sachs consumer banking chief Omer Ismail. Walmart’s banking venture was initially called Hazel, but the rebrand occurred following the acquisition of neo-banking player One and earned wage access firm Even. 

That acquisition of One has proven instrumental in Walmart’s bigger finance plan. One had built up a strong reputation as a viable traditional bank alternative and had millions of dollars on its balance sheet. That experience will prove crucial to establishing a digital checking account for customers and employees. Properly managing their finances is very different from letting people send and pick up cash at their Walmart store, a service the retailer provides today. 

Assuming the beta test is successful, Walmart can offer its new service to over 100 million weekly shoppers and 1.6 million US associates. In addition, it will give the retailer a tremendous foothold as a banking service provider. However, the initial test focuses on thousands of staff members and select online customers. 

It remains to be seen if Walmart customers are eager to explore this digital checking account. Retailers providing financial products and services are an unusual development. 

Tags: Digital Checking Account ONE Walmart

What’s your reaction?

Love
0
Sad
0
Happy
0
Sleepy
0
Angry
0
Dead
0
Wink
0
Share
Share on Facebook Share on Twitter Share on Pinterest Share on Email
JP Buntinx September 15, 2022
Previous Article Polygon soars 170% as top-tier brands choose them as their preferred partner
Next Article Fintoism Norwegian Central Bank CBDC The Norwegian Central Bank Open Sources Its CBDC Sandbox

Leave a Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FOLLOW SOCIALS

Twitter follow

Trending

Fintoism Syscoin Gaming GameNetworkingSockets Tencent Gaming Revenue

Tencent Holdings Notes Minor Gaming Revenue Growth Again

March 22, 2023

Arcade fighting game Battle of Olympus to launch presale for GODLY token on Arbitrum on March 27

March 22, 2023
cannabis legislation

Latest Updates on Cannabis Legislation

March 22, 2023

Press Releases

Arcade fighting game Battle of Olympus to launch presale for GODLY token on Arbitrum on March 27

March 22, 2023

Huobi Launches the Dominica Metaverse Bound Token (DMBT)

March 22, 2023

Ten Teams Join Southampton FC’s Future of Football Challenge

March 21, 2023

You Might Also Enjoy

Fintechmode Corporate Voting Rate Hike
Finance

A New Fed Rate Hike Can Permanently Cripple The U.S. Economy

March 22, 2023
Fintoism APAC BNPL Mastercard Stables
Finance

Mastercard Collaborates with Stables to Enable Stablecoin Transactions in APAC

March 21, 2023
FintechMode NYCB Signature Bank Acquisition
Finance

New York Community Bank To Acquire Most of Signature Bank For Under $3bn

March 20, 2023
Fintoism Pay Any Bill With Cryptocurrency Australia
Finance

Australia Is Slowly Becoming An Unlivable Country For Many As Banking Woes Continue

March 20, 2023
Load More

Fintechmode.com - A subsidary of the NoRestMode organization.

Go to mobile version