Walmart's OnePay boosts crypto; Lloyds' tech saves cash

• Key insight: Walmart's OnePay is expanding into digital assets.

• Look forward: A number of banks and other firms are looking to tap into demand for cryptocurrency.

• What's at stake: Gaining a share of a market that's still developing.

OnePay, the Walmart-backed fintech, is planning to offer cryptocurrency trading and custody services on its app, CNBC reported, citing unnamed sources.

OnePay is working with Zerohash, a business-to-business-to-consumer fintech that specializes in providing infrastructure for crypto, stablecoins and other digital assets.

The move comes as OnePay looks to broaden its offerings and get more users on its platform. Walmart's OnePay was designed to be separate from the retailer with a focus on providing banking services to underbanked populations, an area that overlaps with segments of Walmart's retail clientele. Last month, it started offering phone plans, and in June it selected Synchrony Financial as its credit card issuer. –Joey Pizzolato

U.K. consumers are taking to the barcode cash deposit program Lloyds Banking Group launched in partnership with PayPoint in August.

PayPoint is a U.K.-based multichannel payments and retail company that allows customers to pay bills, access cash services, send packages and purchase vouchers. PayPoint also offers rewards programs and payment services to businesses.

The barcode cash deposit allows Lloyds, Halifax and Bank of Scotland customers to deposit cash into their debit account without the need for a traditional branch. Consumers can deposit up to 300 pounds per transaction.

More than 3 million pounds (about $4 million) have been deposited using the barcode cash deposit feature at PayPoint locations since August, Lloyds said. PayPoint has over 30,000 retail locations, with more than 3,000 of those accepting debit account deposits, according to the company.

The jump in deposits at PayPoint comes as Lloyds prepares to continue to close branches across the country in its push toward digital. The banking group said it planned to close another 136 branches this year. –Joey Pizzolato

Global Payments' gradual rollout of its Genius payments technology rebrand has entered higher education, with a new version for universities in the U.S. and Canada. The Genius point-of-sale payments system is designed for on-campus merchants, dining halls, recreational facilities, departments and clubs, stadiums and other facilities related to universities.