OnePay, a consumer fintech backed by Walmart, and Synchrony announced on June 9, 2025, a strategic partnership for Synchrony to exclusively power a new industry-leading credit card program with Walmart. The program is expected to launch in Fall 2025, with the credit card experience embedded inside the OnePay app and powered by Mastercard's global payments network.
The program will introduce both a general-purpose card, usable anywhere Mastercard is accepted, and a private label card exclusively for Walmart purchases. This initiative will add credit cards to OnePay's growing portfolio of financial services, aiming to help millions of Walmart customers manage their financial lives.
Synchrony will leverage its lending expertise and digital capabilities to deliver financial flexibility through a seamless experience. Following initial launch and reserve costs, the program is anticipated to drive loyalty and sales at attractive risk-adjusted returns, and is expected to be accretive to Synchrony's long-term financial performance.
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