The initiative features two types of cards—a general-purpose and a private label. Both are managed by Synchrony within the OnePay app, with Mastercard’s support for transaction processing. The general-purpose card can be used wherever Mastercard is accepted, whereas the private label card restricts its use to Walmart purchases.
Synchrony as the Exclusive Issuer
Under this arrangement, Synchrony will exclusively issue OnePay credit cards through Walmart. This new venture builds upon OnePay’s existing range of digital financial services, including debit accounts with cashback, high-yield savings, wallet services, peer-to-peer transfers, and installment loans.
Officials from OnePay emphasized that the integration of credit cards aims to simplify personal financial management by integrating various tools such as savings, spending, borrowing, and growth within a unified platform. Synchrony’s role focuses on providing critical credit infrastructure and digital capabilities, with an overarching goal of enhancing customer loyalty and driving positive financial outcomes.
Walmart officials highlighted that this move aligns with the company’s broader strategy to offer digital financial options that cater to consumer preferences for convenience and control. Mastercard’s involvement is seen as a means to integrate retail and credit functionalities within a secure and adaptable payment framework.
Prior Partnerships
In May 2025, OnePay partnered with Klarna for installment loans at Walmart stores and online. Under this agreement, OnePay served as the exclusive provider of installment loan services, leveraging Klarna’s technology.