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Green Dot extends Walmart partnership for the Walmart MoneyCard program until 2034

May 01, 2025•about 1 year ago

Contract Type

partnership

ProvoFinancial ServicesFinanceFintechLendingBanking

Description

Green Dot Corporation has extended its partnership with Walmart, involving the Walmart MoneyCard program, until January 31, 2034. The amendment includes an automatic renewal clause and a one-time, non-refundable incentive payment of $70 million to RNBW Ventures Inc., a Delaware corporation involved in the program.

Company Information

Company

Green Dot

Location

Provo, Utah, United States

About

Green Dot is a financial technology and registered bank holding company committed to delivering trusted, best-in-class money management and payment solutions to customers and partners, seamlessly connecting people to their money. Green Dot’s proprietary technology enables it to build products and features that address the most pressing financial challenges of consumers and businesses, transforming the way they manage and move money and making financial empowerment more accessible for all.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months