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Walmart's OnePay Launches New Credit Cards with Synchrony

6/9/2025

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Summary

Story summary

OnePay, Walmart's fintech startup, teams up with Synchrony Financial to introduce credit cards in fall 2023.
The offering features a general-purpose Mastercard and a private-label Walmart card, improving customer financial options.
Walmart terminates its partnership with Capital One, opting for OnePay to enhance transaction efficiency.
OnePay seeks rapid growth in financial services through strategic collaborations with established partners.

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Story summary

OnePay, Walmart's fintech startup, teams up with Synchrony Financial to introduce credit cards in fall 2023.
The offering features a general-purpose Mastercard and a private-label Walmart card, improving customer financial options.
Walmart terminates its partnership with Capital One, opting for OnePay to enhance transaction efficiency.
OnePay seeks rapid growth in financial services through strategic collaborations with established partners.