- Walmart Inc WMT has signed a partnership with Ibotta, a cashback rewards platform in the U.S.
- The agreement is to create and launch a new digital offers program on Walmart.com and the Walmart app.
- Through this partnership, Walmart customers will have access to hundreds of cash rebates on popular products.
- The rebates will be redeemed, and cash provided directly to customers' Walmart accounts for future Walmart purchases.
- Walmart will join the Ibotta Performance Network (IPN). This digital network enables cash rebates to be delivered across large third-party sites, including social media networks, recipe sites, and other platforms.
- Price action: WMT shares are trading higher by 2.70% at $141.01 on the last check Wednesday.
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