The retail giant has scrapped its credit card partnership with Capital One, its second public spat in recent years with a partner bank. Analysts say it may be a sign that Walmart wants to launch its own credit card on what it hopes will be a financial super-app.
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The retail giant has long sought to become a financial powerhouse. But after it acquired a neobank called One in 2022, fraud complaints multiplied and customer reviews cratered.
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