OnePay and Synchrony to Launch New Walmart Credit Card
OnePay today announced a strategic partnership with Synchrony to exclusively launch a new credit card program with Walmart. The credit card program is expected to launch this fall, with the experience embedded inside the OnePay app and powered by Mastercard’s global payments network, and will be made available to millions of Walmart customers and to consumers across the U.S.
OnePay is a consumer fintech backed by Walmart and Ribbit Capital currently offering a suite of banking, credit, and payments products such as cashback debit, high-yield savings, installment loans, a digital wallet, and domestic and international peer-to-peer payments. In partnering with Synchrony and Mastercard, OnePay will add credit cards to its growing portfolio as part of its vision to help people save, spend, borrow, and grow their money with a simplified way to holistically manage their financial lives.
As part of the program, OnePay and Synchrony will introduce both a general-purpose card, and a private label card which will be exclusively for Walmart purchases. The credit card functionality will be embedded inside the OnePay app.
Walmart has been offering its credit cards through Capital One since 2018, but sued the bank in 2023 and ended the relationship years ahead of schedule.
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