INSUBCONTINENT EXCLUSIVE:
Walmart announced today an expansion of its existing relationship with financial services provider Green Dot, which will continue to serve
as the issuing bank and program manager for the Walmart MoneyCard program for another seven years
The two companies also agreed to partner on the creation of a new accelerator that focuses on the intersection of retail and consumer
financial services.The accelerator, called Tailfin Labs, will help startups develop solutions that integrate omni-channel shopping and
financial tech, which can be aimed either at consumers or businesses
both extend our MoneyCard partnership for many years and to additionally enter into an entirely new equity partnership with Walmart in the
2006 to create the Walmart MoneyCard, which offers FDIC-insured accounts and cash-back rewards on Walmart purchases, alongside other
personal checking account, but without the fees
banking startups seen today, which directly target consumers with similar products.This is a busy space these days, as more companies go
Instead, they want banking services in a modern, easy-to-use mobile interface, where innovative features help them to better save and manage
their money.Just last week, for example, mobile banking app Current snagged $20 million more in funding for its service, now used by half a
Others in the space include Step, Cleo, N26, Chime, Simple and Stash, to name a few.The new accelerator is seemingly poised to capitalize on
