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September 4, 2020

Walmart ties up with Paymentus to modernise bill payments

US-based multinational retail corporation Walmart has joined forces with Paymentus to power bill payments at its stores and through its app.

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 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
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The retailer has now joined the Paymentus Instant Payment Network.

With this move, Paymentus extends its reach to 140 million consumers in the US.

Among other partners of Paymentus are PayPal and Amazon.

Paymentus president and CEO Dushyant Sharma said: “We are excited to be the leading force behind the paradigm shift in how consumers and business interact.

“Our partnership with Walmart further cements Paymentus as the future-proof provider of simplified bill pay experiences for consumers and a source of operational excellence for businesses.”

Paymentus supports customer interaction management, bill presentment and payments.

This is done via digital wallet, web, mobile, IVR, text, email, chat, voice assistant, point of sale as well as agent assisted channels.

It uses AI technology to maximise uptime, enhance interaction quality, as well as address security concerns.

Last month, Walmart Canada introduced a rewards credit card with Mastercard to enable shoppers to earn rewards on everyday spending.

The retail giant launched the card in collaboration with Duo Bank of Canada.

Earlier this year, the retailer inked a partnership with Green Dot to add new features to the Walmart MoneyCard reloadable debit card.

Last year, Walmart partnered with MoneyGram and Ria to enable fund transfers at its 4,700 stores.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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