Will Walmart offer wealth management products?
Walmart announced the launch of a new company designed to offer digitally enabled financial products to its customers and employees. Its 265 million weekly customers makes it an attractive distribution channel to expand investing to underserved investors.
Walmart announced on Monday it is forming a fintech startup in partnership with Ribbit Capital, the global investment firm backing fintechs like Robinhood and Wealthfront, in a move that could potentially make the retail giant a major player in digital wealth management.
The purpose behind
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