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
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