The commercial chain Walmart will create its own Fintech startup in association with Ribbit Capital

The commercial chain Walmart will create its own fintech startup in association with Ribbit Capital#Walmart already offers a number of financial services, including money orders, check cashing, and credit cards. Through its ownership in India’s Flipkart, Walmart also has exposure to digital payments, the core idea is to offer its customers ways to save, apply for loans and make investments online or over the phone, without having to deal with a traditional bank.

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