Walmart Partners With Ibotta For Digital Savings Program

Walmart Inc (NYSE: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.