Hi! It’s Monday, April 29, 2024 The Rundown One, the Walmart majority-owned fintech, started offering BNPL loans “for big-ticket items at some of the retailer’s more than 4,600 U.S. stores.” It’s worth noting that Walmart has worked closely with Affirm for years to offer installment loans. Affirm became Walmart’s exclusive partner in 2019 and recently expanded their partnership to include Affirm at self-checkout kiosks. It will be interesting to see if Walmart continues to work with multiple providers or if it will try to unify it all under a single overarching brand.
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Fintech Update, 4/22 - 4/28
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Hi! It’s Monday, April 29, 2024 The Rundown One, the Walmart majority-owned fintech, started offering BNPL loans “for big-ticket items at some of the retailer’s more than 4,600 U.S. stores.” It’s worth noting that Walmart has worked closely with Affirm for years to offer installment loans. Affirm became Walmart’s exclusive partner in 2019 and recently expanded their partnership to include Affirm at self-checkout kiosks. It will be interesting to see if Walmart continues to work with multiple providers or if it will try to unify it all under a single overarching brand.