NEW YORK and STAMFORD, Conn. — OnePay and Synchrony Financial have announced an exclusive new credit card program in partnership with Walmart, set to debut this fall. The initiative will integrate Mastercard’s payment network and be embedded directly into the OnePay app, streamlining access for millions of Walmart shoppers across the U.S.
Under the agreement, Synchrony will become the exclusive issuer of OnePay credit cards, expanding OnePay’s growing suite of financial services. The new credit card offering includes a general-purpose Mastercard, which is usable anywhere the network is accepted, and a Walmart-exclusive private label card.
“Our goal with this credit card program is to deliver an experience for consumers that's transparent, rewarding, and easy to use," said Omer Ismail, Chief Executive Officer, OnePay. "We're excited to be partnering with Synchrony to launch a program at Walmart that checks each of those boxes and will help serve millions of people.”
Backed by Walmart and Ribbit Capital, OnePay already provides a digital financial platform featuring cashback debit, high-yield savings, installment loans, and peer-to-peer payments. The addition of credit cards furthers OnePay’s goal of offering a unified money management hub.
Synchrony plans to leverage its lending experience and digital tools to offer financial flexibility and build customer loyalty. “We are proud to be selected by OnePay to further our mission of helping people live better and build healthier financial futures with Walmart,” said Brian Doubles, President and Chief Executive Officer, Synchrony. “Together, we aim to drive even greater innovation and new credit experiences to better serve customers while driving long-term, high-quality growth.”
Walmart emphasized that the move aligns with its broader goal of enhancing financial accessibility. “Walmart is always seeking innovative ways to help customers save money and live better,” said John David Rainey, Executive Vice President and Chief Financial Officer, Walmart Inc. “Today's announcement represents one more way we're serving our customers the way they want to be served, providing an upgraded digital financial services experience with even greater choice and value.”
Mastercard’s Linda Kirkpatrick highlighted the collaboration as a model for modern financial solutions: “Consumers today expect financial products that are simple, secure, and built around how they live and shop,” said Linda Kirkpatrick, President, Americas at Mastercard. “Our partnership with OnePay and Synchrony brings together deep retail expertise, trusted credit capabilities, and the scale, security, and reliability of Mastercard's global payments network to deliver a seamless, rewarding experience for Walmart customers — whenever and wherever they choose to pay.”
The program is expected to launch nationwide later this year.
About OnePay
OnePay is a fintech backed by Walmart and Ribbit Capital. It offers digital financial tools designed to help users save, spend, borrow, and grow their money. Partner FDIC-member banks provide banking services. Learn more at onepay.com.
About Synchrony
Synchrony is a leading consumer financial services provider supporting major retailers and small businesses through credit and banking products. Learn more at synchrony.com.
