Payment Processing Updates

Payment Processing Updates

Walmart is making an attempt to supercharge their financial service ecosystem by partnering with Ribbit to create a new Fintech company.

This partnership is a big deal. Walmart’s had a somewhat patchy history with financial regulators while Ribbit has gone from strength to strength, boasting a portfolio that includes Affirm, Robinhood and Credit Karma.

Walmart’s scale and Ribbit’s know-how could create a serious disruptor.



It should come as no surprise that contactless payment volumes are surging. A recent JPMorgan Chase cross-industry survey of 2100 executives looked at this surge from the merchant’s perspective.

Some 23% of small business respondents have implemented contactless payments since COVID’s appearance, with another 20% planning to do so this year.

In a connected trend, 14% of survey participants have shifted entirely to an e-commerce model, with another 12% planning to do so this year.

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