Walmart is using its own financial technology startup to launch a major credit card program. Synchrony Financial and the Walmart-backed firm OnePay announced the new Mastercard on Monday, June 9.

Walmart just announced new credit cards launching this fall through its OnePay platform. These cards promise rewards and ...

Walmart had leaned on Capital One as the exclusive provider of its credit cards since 2018, but sued the bank in 2023 so that it could exit the relationship years ahead of schedule.

The credit card program is expected to launch in fall 2025, embedded inside the OnePay app and supported by the Mastercard global payments network, and will be made available to Walmart customers ...