Walmart, Walgreens wager on banking to boost business

2021-07-30

Walmart and Walgreens are two high-profile companies that are diving into banking and financial services as a way to further build on customer relationships and drive more business to their stores and e-commerce sites. Walgreens will launch online and in-store bank accounts this year with partner InComm Payments, and Walmart plans an array of financial services with its new fintech arm, Hazel, created in partnership with Ribbit Capital.

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