How Walgreens and Walmart’s new banking ventures will shake up finance

  • “Partnering with the fintech firm InComm Payments, Walgreens will be making its new bank accounts available online and at 9,000 of its retail stores across the nation in the second half of this year. With nearly 80% of the U.S. population living within five miles of a Walgreens,
  • Walmart (teaming up with Ribbit Capital) is creating its own fintech startup, Hazel, which is likely to yield a broad ecosystem of financial services, such as bank accounts, lending, digital payments, and more, all led by a mobile-first “super app.”
  • 169 million Americans who regularly use mobile devices for banking.
  • By 2025, more than 40 million consumers are expected to have accounts at digital-only neobanks.”

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