June 7, 2024
BENTONVILLE, AR – As reported on Mashable and elsewhere, Arkansas-based behemoth Walmart is rolling out Walmart+ Week. Scheduled for June 17 to 23, the full week of discounted offers and savings are exclusively for Walmart+ members, with deals on gas, travel, and more.
According to Walmart news, members can expect:
- express delivery to the doorstep in under two hours, without the usual $10 fee;
- double discount on fuel at Exxon & Mobil stations nationwide;
- up to 20% back in Walmart Cash on flights, hotels, car rentals, and activities booked through Walmart+ travel;
- three free months of Walmart+ InHome, ensuring items can be conveniently dropped off; and
- exclusive access to new and unique items for members only (stay tuned for more on this).
Additionally, we’re introducing our first-ever mystery offer, set to be revealed on June 20. While I can’t divulge the details just yet, I promise it will be worth watching out for. Walmart+ yet has an annual membership fee of $98, or $49 for qualifying government assistance recipients.
Prosper Exhibitor Payoneer Touts Record 1Q 2024 Revenue
NEW YORK – Prosper exhibitor Payoneer reported positive results for the first quarter of 2024, with B2B volume of $2.2 billion, an increase of 33% year-over-year.
“Payoneer delivered record quarterly revenue and strong profitability in the first quarter, driven by growth across all channels, including faster growth in our higher take rate B2B and Merchant Services businesses,” said John Caplan, CEO. “We grew ICPs by 8% and generated 21% volume growth, our highest growth rate in nearly 3 years. We are making steady progress against our strategic priorities, accelerating underlying revenue growth, and increasing profitability.”
First Quarter 2024 Business Highlights
- B2B volume of $2.2 billion increased 33% year-over-year, driven by strong acquisition, improved ability to support more industries, and continued enhancements to product features and functionality.
- Merchant Services (Checkout) volume of $92 million increased 217% year-over-year driven by strong acquisition of $10K+ customers
- Marketplace volume of $11.0 billion increased 13% year-over-year led by continued strength from large ecommerce platforms.
“Payoneer’s first quarter results reflect strong growth across our entire platform,” said Bea Ordonez, CFO. “We delivered 21% growth in revenue excluding interest income and normalizing for the $7.5 million impact of certain non-volume fees earned in the prior year period, a significant acceleration compared to 8% in 2023. We are raising our 2024 guidance to reflect both the robust first quarter performance and our momentum heading into the second quarter. We continue to drive acquisition and improve retention of our most valuable customers while we enhance our financial stack and further penetrate the fast-growing B2B market.”
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