Synchrony Financial’s second quarter highlighted revamped partnerships and innovation in buy now, pay later (BNPL) offerings. The company renewed its relationship with Amazon, expanded into physical cards with PayPal, and regained its Walmart partnership through a new credit program with OnePay.
Key Takeaways
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Synchrony’s focus on BNPL and new partnerships with Amazon, Walmart, and PayPal is central to its growth strategy.
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The company is leveraging digital tools and retail expertise to drive both in-store and online payment adoption.
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Credit quality remained resilient, and management remains optimistic about steady consumer demand across its portfolio.
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