Walmart-backed OnePay offers credit and debit cards, high-yield savings accounts, buy now, pay later loans and a digital wallet with peer-to-peer payments.OnePay, the fintech firm majority-owned by Walmart, will soon offer cryptocurrency trading and custody on its mobile app, CNBC has learned.OnePay will offer customers access to bitcoin and ether later this year with help from the startup Zerohash, according to people with knowledge of the matter who declined to be identified before an official announcemen ...

Core Insights - Citigroup Inc. collaborates with Dandelion to enhance cross-border payments by integrating Citigroup's WorldLink Payment Services with Dandelion's digital wallet network [1][9] Group 1: Collaboration Details - The partnership enables Citigroup's clients to deliver near-instant, full-value payments into digital wallets across multiple markets, initially targeting the Philippines, Indonesia, Bangladesh, and Colombia [3][4] - This collaboration allows for faster, cost-effective business-to-consumer (B2C) payments, addressing various applications such as remittances, payroll, and customer refunds [4][5] Group 2: Strategic Implications - The partnership expands Citigroup's WorldLink capabilities, enabling cross-border payments in over 135 currencies and extending reach to more than 150 digital destinations, including mobile wallets and debit cards [6][7] - Dandelion's network covers 63 countries, providing Citigroup clients access to broader digital economies where digital wallets are the primary transaction channel [7] Group 3: Market Performance - Over the past six months, Citigroup's shares have increased by 42.1%, outperforming the industry's growth of 28.5% [8]

Company Overview - Paysafe is focusing on its digital wallet business as a key growth driver for the upcoming year, with quarterly revenue growth of 1% and full-year growth of 6% [1] - The total payment volume for the quarter reached $40 billion, marking a 12% increase, while the annual total was $151.7 billion, up 8% [1] Future Strategy - The CEO highlighted the company's strategy to leverage its white label wallet platform, particularly in markets like Peru where it has a strong eCommerce presence [2] - Paysafe aims to differentiate itself in the white label wallet space through its regulatory strength and robust anti-money laundering (AML) practices [3] Market Trends - Research indicates a global shift towards digital wallets as the preferred method for cross-border transactions, driven by consumer demand for convenience and simplicity compared to traditional payment methods [4][5] Corporate Developments - The company has received unsolicited takeover interest but remains confident in its business outlook [5] - In February, Paysafe announced the sale of its direct marketing payment processing unit to Kort Payments, which is expected to help the company focus on its ideal customers and verticals in the experience economy [6][7]