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PhonePe raises an additional USD 100 mln

News | Payments General | 12 Apr 2023

India-based fintech PhonePe has secured USD 100 million of additional funding in the journey to complete an ongoing USD 1 billion financing round.

PhonePe, funding, investment, Walmart, payments

Walmart-owned PhonePe drops acquisition of fintech startup ZestMoney

News | Payments General | 31 Mar 2023

Fintech platform PhonePe has halted its proposed acquisition of India-based Buy Now, Pay Later startup ZestMoney.

PhonePe, acquisition, BNPL, Walmart, fintech

Grocery chains to close locations in the US

News | Ecommerce | 08 Mar 2023

A number of grocery chains including Walmart, Kroger, Sprouts, Amazon and Stop & Shop have announced the closure of several US-based locations throughout 2023.

ecommerce, shopping, merchants, retail, Amazon, Walmart, delivery, online shopping, financial data, fintech, marketplace

Walmart to raise around USD 3 billion for Flipkart

News | Ecommerce | 26 Oct 2022

India-based Flipkart has considered raising USD 2 to 3 billion at a valuation of more that USD 40 billion to expand its product range in India, according to sources cited by Mint.

Flipkart, Walmart, IPO, funding, acquisition

FTC takes Walmart to court

News | Digital Identity, Security & Online Fraud | 05 Jul 2022

The US Federal Trade Commission has claimed that Walmart allowed scammers to use its money transfer services for fraud.

Walmart, money transfer, fraud management, remittance

Flipkart releases IPO valuation target for 2023

News | Ecommerce | 07 Apr 2022

Walmart’s India-based ecommerce company Flipkart has internally raised its IPO target to USD 60-70 million and plans a US listing in 2023.

ecommerce, Flipkart, Walmart, IPO, retail

Walmart+ rolls out free membership for associates

News | Ecommerce | 09 Mar 2022

Retail company Walmart has announced it offers free groceries, shipping, Scan and Go contactless checkout and member prices through the Walmart+ app.

Walmart, contactless payments, loyalty programme, retail, ecommerce

Walmart enables money transfers to Mexico through its retail chain

News | Online Payments | 04 Mar 2022

US-based retailers Walmart has launched Walmart2Walmart, a service through which customers can send money from any US Walmart to any Walmart store in Mexico for USD 2.50 per transaction.

Walmart, product launch, retail, merchant, money transfer