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JPMorgan Chase and Walmart are teaming up to enhance payment processing for sellers on Walmart's online marketplace, which features 100,000 sellers and over 700 million products. This collaboration aims to streamline payment management and is currently available to U.S. sellers, with potential expansion to Europe and beyond. Leah Cao from JPMorgan sees this as a significant growth opportunity, anticipating a doubling of their embedded finance clients next year.
JPMorgan and Walmart have launched embedded finance solutions for online sellers, while Massachusetts' securities regulator is investigating Robinhood's new prediction-markets hub. Secretary of State Bill Galvin expressed concerns over the potential gambling implications of event contracts linked to brokerage accounts, describing them as a gimmick to attract investors. Robinhood maintains that its prediction markets are regulated and aims to provide a safe trading environment for users.
Walmart and JPMorgan Chase have partnered to enhance the efficiency of payments within Walmart's online marketplace. This collaboration aims to streamline transactions, contributing to a positive trading day for both companies.
Walmart has partnered with JPMorgan Chase to expedite payments for merchants on its marketplace platform, which features over 700 million items from 100,000 sellers. This collaboration allows merchants to manage cash flow effectively using JPMorgan's systems, with plans to expand the service beyond the U.S. as marketplace sales surged 40% in the last quarter.
Walmart and JPMorgan are collaborating to enhance payment efficiency for over 100,000 marketplace sellers, facilitating faster transactions and improved cash flow management. This partnership, driven by a 40% sales surge, highlights a trend towards embedded finance, with plans for global expansion beyond the US. As liquidity improves for sellers, inventory turnover may increase, potentially boosting sales on Walmart's platform.
The prepaid card market is projected to grow from $24.91 billion in 2024 to $28.37 billion in 2025, driven by regulatory changes, consumer preferences, and financial inclusion initiatives. By 2029, the market is expected to reach $46.16 billion, with trends highlighting enhanced security, sustainability, and digital wallet integration. The increasing use of prepaid cards for online purchases and innovative products like Neokred are further fueling this growth.
The prepaid card market is projected to grow from $24.91 billion in 2024 to $28.37 billion in 2025, driven by regulatory changes, consumer preferences, and financial inclusion initiatives. By 2029, the market is expected to reach $46.16 billion, with trends focusing on enhanced security, sustainability, and digital wallet integration. The rising adoption of prepaid cards, particularly for e-commerce, highlights their increasing role as an alternative to traditional banking methods.
Elon Musk's Starlink has gained access to India through partnerships with telecom giants Reliance Jio and Airtel, aiming to expand internet services in a market with significant connectivity gaps. However, regulatory hurdles, competition from existing satellite ventures, and pricing challenges remain critical for success. Musk's collaboration with influential Indian billionaires could provide essential support in navigating these obstacles.
Goldman Sachs analyst Will Nance has raised the price target for Affirm (AFRM) to $56 from $50, maintaining a Buy rating. This adjustment follows an 8K filing revealing that Walmart (WMT) accounts for 5% of Affirm's gross merchandise volume and 2% of its operating income. The firm believes the financial impact from Walmart will be lower due to the challenges of underwriting Walmart's lower-end customer base and the profitability terms negotiated with vendors.
Affirm Holdings will no longer provide installment loan services to Walmart following the retailer's exclusive partnership with Klarna. Goldman Sachs analyst Will Nance adjusted Affirm's price forecast to $56, citing a lower-than-expected financial impact from the partnership's termination. Despite this setback, Affirm's strong position in the subprime credit market and its extended partnership with Shopify are expected to drive future growth.
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