Walmart-backed fintech to test banking services in coming weeks : report

One, a fintech company backed by Walmart Inc, will introduce checking accounts to thousands of Walmart employees and a small percentage of its online customers for beta testing in the coming weeks, two people familiar with the matter said.

The fintech aims to make the accounts available to Walmart’s 1.6 million employees within a year before rolling out services more broadly, the people said. It also hopes to expand its offerings to loans and investments.