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The solution lets merchants selling products through the retailer’s marketplace platform accept and make payments and manage their cash flow. JPM now has embedded finance partnerships with more than 20 clients and expects that number to double over the next year, enabling the direct integration of banking and credit products into retail platforms, presenting the opportunity for new revenue streams.
“We know the importance of personalized, seamless omnichannel experiences, and Walmart continues to advance its digital and fulfillment capabilities, including the new categories and features we announced today, that enhance the overall customer and seller experience on Walmart.com,” Tom Ward, who was executive vice president and chief eCommerce officer, Walmart U.S., at the time, said in an Aug. 27 press release.
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