Walmart looks poised to jump into the banking sector.
According to Blomberg and Reuters, Walmart will begin offering digital bank accounts to select online shoppers and thousands of employees in the coming weeks.
The publications report that Walmart could add other banking services in the future if the rollout is successful.
It is unclear what any fees or restrictions are associated with the accounts. The retailer markets itself with ‘Everyday Low Prices’.
Walmart is the nation’s largest employer and retailer.
It has approximately 1.7 million employees in the US