Walmart Credit Cards: Fintech Play After Capital One Split
- Walmart's fintech startup, OnePay, is teaming up with Synchrony to introduce a new Walmart credit card program.
- Synchrony will issue the cards and manage underwriting decisions, while OnePay will oversee the customer experience through its mobile app.
- this move follows walmart's split with Capital One, its previous credit card partner.
Explore walmart’s bold fintech play as OnePay, Walmart’s financial arm, launches a new credit card program with Synchrony, marking the end of its partnership with Capital One. This strategic move introduces both a general-purpose Mastercard and a Walmart store card, designed to enhance financial services for a broad customer base, and signals an aggressive push into financial services. With Synchrony managing the cards and OnePay focused on customer experience via its mobile app, the program aims to provide a transparent and rewarding experience, particularly for underserved Americans. The initiative, set to launch in the fall, highlights Walmart’s evolving financial strategy. For more news like this, check out News Directory 3. Discover what’s next for OnePay,and how it intends to expand its services with debit cards and savings accounts.
Walmart Partners with Synchrony, OnePay for New Credit Card Program
Updated June 11, 2025
Walmart’s fintech startup, OnePay, is teaming up with Synchrony to introduce a new Walmart credit card program. The collaboration aims to provide customers with enhanced financial services, including two types of credit cards.
Synchrony will issue the cards and manage underwriting decisions, while OnePay will oversee the customer experience through its mobile app. The Walmart credit card program is set to launch in the fall.
this move follows walmart’s split with Capital One, its previous credit card partner. OnePay, created in 2021, is focused on expanding Walmart’s financial offerings.
The new program will offer a general-purpose Mastercard and a store card exclusively for Walmart purchases. Customers who do not qualify for the Mastercard will be offered the store card.
OnePay CEO Omer Ismail said the goal is to deliver a transparent,rewarding,and easy-to-use experience for consumers. He added that the partnership with Synchrony will help serve millions of people.
Our goal with this credit card program is to deliver an experience for consumers that’s transparent, rewarding, and easy to use.
Omer Ismail, OnePay CEO
What’s next
OnePay continues to build out its financial services, aiming to become a comprehensive solution for underserved Americans. This includes debit cards, high-yield savings accounts, and a digital wallet.