Walmart’s fintech arm, OnePay, is launching two new credit cards in partnership with Synchrony, a major player in retail cards, set to begin this fall. This move follows Walmart’s split from Capital One and highlights OnePay’s strategy of collaborating with established firms to quickly expand its financial offerings.
Key takeaways:
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OnePay will offer two new credit cards with Synchrony, replacing Walmart’s previous Capital One partnership.
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The cards will be integrated with OnePay’s app, featuring both a general-purpose and a Walmart-only option.
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OnePay’s broader strategy is to partner with established firms to scale its financial services quickly.
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