Walmart to Launch Instant Pay-by-Bank System in 2025

The new payment option aims to reduce credit card fees and provide immediate transaction updates for customers.

Walmart's upgraded pay-by-bank system will enable instant transfers for online purchases, starting next year.
The new system, developed in partnership with Fiserv, will allow customers to see payments reflected in their bank accounts immediately.
This move is part of Walmart's strategy to bypass credit card networks and reduce associated processing fees.
Customers opting for pay-by-bank will need to set up a Walmart profile and connect their bank accounts using the new payment option.
The enhanced feature is expected to benefit shoppers by helping them avoid overdrafts and better manage their budgets.