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Walmart’s Fintech Plans to Take Major Step Forward with Beta Test: Report

Walmart-backed fintech One is ready to beta test its new service providing checking accounts to the retailer’s employees and some customers, according to individuals familiar with the plan. So reports Reuters.

The plan involves offering banking services to Walmart’s 1.6 million workers in the first year ahead of expanding to investments and loans. One’s banking is underpinned by charter-holding Coastal Community Bank, and while operating independently, is majority-owned by Walmart.

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