Synchrony to exclusively issue OnePay credit cards for Walmart; launch fall 2025

Synchrony Financial

Strategic partnership with OnePay (fintech backed by Walmart and Ribbit Capital); Synchrony is exclusive issuer of new Walmart credit card program.
Two card types: general-purpose card usable anywhere Mastercard accepted, and private label card for Walmart purchases; embedded in OnePay app.
Program expected to launch fall 2025, powered by Mastercard's global network; available to millions of Walmart customers and U.S. consumers.
After initial launch and reserve costs, program expected to drive sales at attractive risk-adjusted returns and be accretive to long-term performance.

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