From CNBC: 2025-06-09 10:51:00

OnePay, Walmart’s fintech startup, is launching new credit cards with Synchrony for Walmart customers, ending its exclusive partnership with Capital One in 2023. The program had 10 million customers and $8.5 billion in loans last year. OnePay also partnered with Klarna for buy now, pay later loans at Walmart.

OnePay is expanding its offerings to become a one-stop shop for underserved Americans, offering debit cards, high-yield savings accounts, and a digital wallet. Two credit card options are available: a general-purpose Mastercard and a store card for Walmart purchases. Rewards details are not yet disclosed.

Customers unable to qualify for the general-purpose card will be offered the store card. The Synchrony partnership aims to provide a transparent, rewarding, and easy-to-use experience for consumers. OnePay CEO Omer Ismail expressed excitement about the partnership and the potential to serve millions of people.

Read more: Walmart taps own fintech firm for credit cards after Capital One exit