Walmart’s OnePay Expands into Credit Cards with Mastercard and Synchrony

Walmart’s fintech arm, OnePay, is expanding its suite of financial services with the introduction of credit cards, set to launch this fall. The new offering will be fully integrated into the OnePay app and will be supported by Mastercard’s global payments infrastructure. Synchrony will serve as the issuing bank, providing both a general-purpose credit card and a private label card for exclusive use at Walmart stores.

This expansion enhances OnePay’s existing portfolio, which already includes cashback debit, high-yield savings accounts, installment loans, a digital wallet, and both domestic and international P2P payments. With millions of users across the U.S., OnePay aims to further solidify its position in the embedded finance space by offering customers more choice and flexibility.

John David Rainey, Walmart’s EVP and CFO, says the move reflects their ongoing commitment to delivering digital financial tools that meet customer needs, emphasizing increased value and simplicity through OnePay.