Walmart's OnePay partners Synchrony for credit card programme
Scheduled for release in the upcoming fall, the programme will be accessible through the OnePay app and supported by Mastercard's payment network, targeting Walmart's US customers.
This initiative, in partnership with Synchrony and Mastercard, will provide customers with a financial management tool, encompassing saving, spending, borrowing, and investing.
The programme will feature two types of cards - a general-purpose card accepted wherever Mastercard is used, and a private label card exclusive to Walmart purchases.
Both cards will be integrated into the OnePay app, enabling access to OnePay's financial services.
OnePay CEO Omer Ismail said: "Our goal with this credit card programme is to deliver an experience for consumers that's transparent, rewarding, and easy to use. We're excited to be partnering with Synchrony to launch a programme at Walmart that checks each of those boxes and will help serve millions of people."
Synchrony CEO and president Brian Doubles stated: "We are proud to be selected by OnePay to further our mission of helping people live better and build healthier financial futures with Walmart. Together, we aim to drive even greater innovation and new credit experiences to better serve customers while driving long-term, high-quality growth."
This partnership signifies Walmart's return to Synchrony, which had previously issued Walmart-branded credit cards until 2018, before losing the contract to Capital One, as reported by Reuters.
Walmart's decision to part ways with Capital One in 2024 was influenced by operational concerns, including delayed transaction updates and the prolonged issuance of replacement cards.
In March, OnePay collaborated with Klarna to provide exclusive instalment loans to Walmart shoppers in the US.
"Walmart's OnePay partners Synchrony for credit card programme " was originally created and published by Electronic Payments International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
2 hours ago
- Business Insider
Walmart Halts Indian Shipments after Trump Tariffs Lead to Rocketing Costs
U.S. retailers, including Walmart (WMT), are believed to be scrambling around to find alternative suppliers after President Trump imposed a 50% tariff on Indian goods this week. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Exporter Discussions According to India's NDTV Profit, 'several exporters' have claimed that brands are having discussions with them to 'find alternatives and options if we have any additional capacities in regions with lower tariffs.' The report said that Indian exporters have been requested, in letters and emails sent by American buyers to pause shipments of apparel and textiles until further notice. Names in the frame reportedly included Walmart, Amazon (AMZN) and Target (TGT) The U.S. is the largest export destination for India's clothing industry. Indeed, it accounted for 28% of total textiles and apparel exports valued at $36.61 billion in the 12 months to March 2025. India has a long history of being a crucial supplier for Walmart's fashion ranges. Back in 2002, Walmart Global Sourcing opened an office in Bengaluru, allowing Indian manufacturers to provide Walmart stores with goods from the US, Canada, Mexico, Central America and the U.K. Walmart said earlier this year that it is expanding its supplier development program in India, to include more micro, small and medium-sized businesses (MSMEs) over the course of the next three years. Cost Hikes Complicating that plan, however, are Trump's higher tariffs, which are expected to increase costs by 30% to 35%, and could also lead to a 40% to 50% drop in U.S.-bound orders. One exporter said his U.S. buyer has asked him to stop a shipment of cotton T-shirts and dresses worth $80,000, as it was 'not possible to pass the extra costs' on to their clients. 'The tariff will increase the cost of Indian apparel compared to alternatives from countries like Bangladesh and Vietnam,' Rahul Mehta, the chief mentor of the Clothing Manufacturers Association of India, which represents around 20,000 manufacturers and exporters, said. 'Why would anyone pay such high rates? It's a very stressful situation. Not only have existing shipments stopped, but we could also see a big drop in export orders.' Walmart has also been feeling the pressure of tariffs at home, having to hike prices and endanger its status as a value retailer. However, as one can see above, its share price has held up well despite the added stress. Is WMT a Good Stock to Buy Now? On TipRanks, WMT has a Strong Buy consensus based on 28 Buy ratings. Its highest price target is $120.
CNET
6 hours ago
- CNET
This Deal Drops the Nintendo Switch OLED to Under $300 at Walmart for a Limited Time
For some gamers, getting the latest and greatest console is a must, and as such, the new Nintendo Switch 2 has been flying off the shelves since its June release. But at $450 -- or $500 for the Mario Kart World bundle -- it's expensive. And now that Nintendo has announced that it's raising original Switch prices due to market conditions, the chances of getting a previous-gen model at a lower cost have decreased significantly. The Switch OLED is going up to $400, but right now Walmart has both the red/blue and the white versions of the console for just $299, making this an excellent deal for those not upgrading to the Switch 2. The Nintendo Switch OLED is an upgrade over the standard Switch console if you're a fan of handheld gaming thanks to its 7-inch OLED display and doubled 64GB of storage. Additionally, its kickstand and speakers are improved over the standard version, too, and an added Ethernet port to the dock is a welcomed enhancement. If you're not overly particular about getting the latest device, you may want to skip the expensive Switch 2 for now and opt for this deal instead. You'll still be able to play some of the best games Nintendo has offered over the last decade and you'll beat the planned price increases due to tariffs. Why this deal matters Nintendo is increasing prices on the Switch, so deals are going to be harder to come by. If you've been holding out for a discount amid the excitement over the new Switch 2, this OLED find is your best bet to get yourself this hybrid console at a steal.
Yahoo
7 hours ago
- Yahoo
Bain Capital-backed Heartflow valued at $2.27 billion in solid Nasdaq debut
By Rishab Shaju and Ateev Bhandari (Reuters) -Medtech firm Heartflow was valued at $2.27 billion on Friday, with its shares surging 47.4% in the Nasdaq debut, as the IPO market gathers momentum and outrides tariff worries. The shares opened at $28 and went as high as $31.5, signaling robust investor appetite for companies leveraging artificial intelligence for healthcare. Heartflow sold about 16.67 million shares at $19 each in its IPO on Thursday, raising $316.7 million. The Bain Capital-backed company's debut comes as expectations of a softer trade policy and lower interest rates boost investor sentiment, which had nosedived after U.S. tariffs in April stoked recession fears. The market sentiment reflects "nervous excitement", said Matt Kennedy, senior strategist at IPO-focused research and ETFs provider Renaissance Capital. "We saw a spike in volatility last week, but at the same time stocks (are) flying up on AI-driven earnings blowouts." Space tech startup Firefly Aerospace and design software firm Figma saw stellar first-day reactions in recent days, strengthening prospects for tech-focused companies to go public. Heartflow's first-day pop could help boost market perception for other medtechs, which often rely on vast research and development expenditure, with clinical testing further pressuring the bottom line. Beta Bionics and Kestra Medical had solid debuts earlier this year, but are now trading below their IPO price, like most medtech IPOs of the past year. "If investors keep losing, they just won't show up and companies will struggle to raise IPO funding," Kennedy added, referring to underwhelming post-listing performance from several medtech IPOs in the past year. Founded in 2007, Heartflow helps physicians diagnose and treat heart disease. Its AI-enabled products can create a personalized 3D model of a patient's heart via a single specialized scan. The company's revenue rose 39% in the quarter ended March 31 from a year ago. Its losses, however, widened 55% to $32.35 million during the same period.
