June 9 (Reuters) - Walmart ( WMT ) has once again
partnered with Synchrony Financial ( SYF ) to issue the retail
giant's credit card, the consumer financial services company
said on Monday.
The card will be integrated into Walmart's ( WMT ) OnePay app and
operate on Mastercard's ( MA ) global network. The card,
expected to be launched this fall season, will provide users
with access to the retail giant's wide-ranging in-store and
online ecosystem.
Retailers are increasingly collaborating with lenders to
provide consumers with a wider range of payment choices.
Besides the general-purpose credit card that can be used
anywhere MasterCard ( MA ) is accepted, OnePay and Synchrony will also
launch a private label card that will be limited to purchases at
Walmart ( WMT ).
Synchrony previously issued Walmart's ( WMT ) cards, but the
retailer ended the two-decade-long partnership in 2018, handing
over the issuance of its store-branded credit cards to Capital
One the following year.
However, Walmart ( WMT ) ended its credit card partnership with
Capital One last year, citing delays in updating transactions to
cardholders' accounts and slow replacement of lost cards.
Over the years, Walmart ( WMT ) has explored various credit
partnerships and also partnered with Klarna for installment
lending earlier in 2025.