Walmart Adds New Payment Service

ByRichard C. Sloan

Oct 27, 2021

Walmart partners with payment technology company InComm Payments to make it easier for cash-focused customers to pay their bills. The retailer is adding the new capability to its already strong financial services offerings as part of its commitment to serving unbanked and underbanked buyers.

Use a platform called VanillaDirect, shoppers can pay their in-store bills at the service counter or Walmart Money Center by scanning a barcode linked to their account and making their payment in cash. Funds are transferred electronically through a single consolidated settlement. In addition to paying their bills, buyers can also use the service to fund prepaid accounts.

The new payment method will be available at all Walmart stores in the United States. “We know our customers are busy. We’re excited to bring a new service to life that helps make the monthly chore of paying bills faster and easier at Walmart, ”said Julia Unger, vice president of financial services at Walmart. “We continue to be committed to providing our clients with valuable and efficient services to help them manage their finances. “

This is the latest financial services offering from Walmart, which earlier this year licensed Western Union money transfer services to its US locations. The retail giant has also added a new Walmart Money card to use as a demand deposit account.

Based in Bentonville, Ark. Walmart operates more than 10,500 stores under 48 banners in 24 countries and e-commerce websites, employing more than 2.2 million associates worldwide. Walmart US is # 1 on the PG 100, the 2021 list of Progressive Grocer leading food and consumable retailers in North America, while Walmart-owned Sam’s Club ranks 9th on the list.

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