JOURNAL ARTICLE

Walmart's Credit Cards Will Be Issued by Synchrony Again After Pact With OnePay.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Natarajan, Sridhar; Smith, Paige 3 of 3

Abstract

The article focuses on Walmart Inc.'s renewed partnership with Synchrony Financial to issue credit cards as part of its strategy to expand into financial services. Walmart's financial technology firm, OnePay, will offer both a co-branded card usable outside Walmart and a private-label card for in-store purchases, with plans to launch these in the US later this year. This partnership marks a return to Synchrony, which previously issued Walmart's credit cards until 2018, when Capital One took over. The article highlights the competitive landscape, noting concerns from traditional financial institutions about retailers like Walmart entering the financial sector, as well as Walmart's efforts to digitize its financial services through OnePay. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/06, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:185817508
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