Walmart to discontinue high-end Jetblack service

Raluca Constantinescu

14 Feb 2020 / 5 Min Read

According to CNBC, the comments follow a report by The Wall Street Journal that the company ended talks to spin off the business and will now restructure it. The retailer had conversations with potential investors, including Microsoft, United Parcel Service, and venture capital firms, according to the report.

Jetblack notified customers about the end of the service in text messages and emails. It said it would no longer accept new orders but would fulfil pending ones. It also said it would refund all customers their most recent USD 50 monthly membership fee.

Countries:

United States

Raluca Constantinescu

14 Feb 2020 / 5 Min Read

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

Categories

Payments

Fraud and Fincrime

Fintech

Crypto, Web3 and CBDC

Regulations

M&A and Investments

Current themes

A2A Payments

Payment Orchestration

TradFi and DeFi Convergence

KYC, KYB and Digital Identity