OnePay, Affirm, and PayPal Declare War on Your Wallet

Walmart-backed OnePay and PayPal launch new Mastercard programs with Synchrony, as Affirm's COO declares they are "reinventing credit" to win over consumers.

June 11, 2025

OnePay and Synchrony to launch new industry-leading credit card program with Walmart; credit card to be powered by Mastercard and set to go live this fall

OnePay, the Walmart-backed fintech offering digital banking and payment tools, is teaming up with Synchrony, a consumer financial services company, to launch a new credit card program with Walmart this fall. The cards, powered by Mastercard, will live inside the OnePay app and include a general-purpose version and a Walmart-only private label card. The move folds credit into OnePay’s "growing" financial ecosystem, aiming to make managing money more seamless for millions of users. Synchrony expects the program to boost customer loyalty and deliver "attractive risk-adjusted returns." [Mastercard]

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