Walmart Launches New Early Payment Option to Support Diverse Suppliers

By Sheridan Fifer

Walmart has a plan to diversify its supplier base and open up opportunities for small and medium sized diverse and minority-owned businesses. Through an expanded early payment program, the retailer will give diverse suppliers "affordable, transparent and more equitable" access to working capital. To accomplish this, Walmart is partnering with online platform C2FO, whose technology will allow suppliers to request early payment on invoices of their choice. 

The company said that it has “heard loud and clear from current and potential diverse suppliers that the biggest challenge to achieving growth is the ability to gain access to working capital.”

Read the full story at PYMNTS.com.