09:12 AM EDT, 04/23/2024 (MT Newswires) -- Affirm Holdings ( AFRM ) shares were down more than 7% in recent Tuesday premarket activity after CNBC reported that Walmart's ( WMT ) majority-owned fintech startup One was making a big push into the buy-now, pay-later space that is its main business.

One has begun offering credit to consumers on more expensive products, CNBC reported, citing unidentified sources and observations from visits to the retailing giant's outlets, where signs promoting both One and Affirm services were spotted.

Affirm has been a Walmart ( WMT ) partner since 2019.

Walmart ( WMT ), One, and Affirm did not immediately reply to MT Newswires' requests for comment.