- OnePay and Synchrony (SYF, Financial) to launch an exclusive credit card program with Walmart in fall 2025, powered by Mastercard.
- The program will feature a general-purpose card and a Walmart private label card, integrated within the OnePay app.
- Expected to enhance user experience, drive loyalty, and improve Synchrony's long-term financial performance.
OnePay, a leading consumer fintech, and Synchrony Financial (SYF), a premier consumer financial services company, have announced a strategic partnership to launch a new credit card program with Walmart. The program, set to debut in fall 2025, will be powered by Mastercard and integrated within the OnePay app, offering millions of Americans a seamless digital financial experience.
This innovative initiative will provide two types of credit cards: a general-purpose card that can be used anywhere Mastercard is accepted and a private label card exclusively for Walmart purchases. The integration aims to streamline financial management for users by incorporating the credit card functionality directly into OnePay's existing suite of services, which includes cashback debit, high-yield savings, and more.
Backed by Walmart and Ribbit Capital, OnePay's mission is to provide a comprehensive financial management solution, empowering consumers to save, spend, borrow, and grow their money. Synchrony, bringing its deep lending expertise and digital capabilities to the table, anticipates that the program will strengthen customer loyalty and drive sales, yielding attractive risk-adjusted returns and positively impacting Synchrony's financial trajectory in the long term.
