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Walmart Stands Firm on Why It Doesn't Accept Apple Pay in the U.S.

6 pointsby stalfosknight4 months ago

1 comment

toomuchtodo4 months ago
Walmart is moving towards Pay by Bank (running on FedNow instant payment rails) in their app to avoid traditional debit and credit rails, so it doesn&#x27;t make much sense for them to accept Apple Pay. They currently spend $1B+&#x2F;year in interchange fees.<p><a href="https:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2024-09-19&#x2F;walmart-plans-instant-bank-payments-cutting-out-card-networks" rel="nofollow">https:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2024-09-19&#x2F;walmart-p...</a> | <a href="https:&#x2F;&#x2F;archive.today&#x2F;ub7XZ" rel="nofollow">https:&#x2F;&#x2F;archive.today&#x2F;ub7XZ</a>