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Walmart-backed fintech One introduces buy now, pay later as it...

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    Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending



    KEY POINTS
    • Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the retailer’s more than 4,600 U.S. stores, CNBC has learned.
    • The move puts One in direct competition with Affirm, the BNPL leader and exclusive provider of installment loans for Walmart customers since 2019.
    • One’s expanding role at Walmart raises the possibility that the company could force Affirm, Capital One and other third parties out of some of the most coveted partnerships in American retail.







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    The article is huge, here is the link if anyone wants to read the rest...


    cnbc.com/2024/04/23/walmart-backed-fintech-one-introduces-buy-now-pay-later.html
    Last edited by Tradinator: 23/04/24
 
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