In a strategic move announced on Monday, Walmart has rejoined forces with Synchrony Financial to launch a new credit card offering. This collaboration aims to integrate the card into Walmart’s OnePay app, utilizing Mastercard's global network to enhance user experience across both physical and digital platforms. The upcoming card will offer customers access to Walmart’s extensive retail ecosystem. This development aligns with the growing trend of retailers expanding payment options by teaming up with financial institutions.

The new credit card is set to debut this fall, featuring a general-purpose option compatible with any location accepting MasterCard payments. In addition, a private label card will be introduced, restricting usage solely to Walmart purchases. Historically, Synchrony had previously managed Walmart’s credit card program until their 20-year partnership dissolved in 2018. Following that split, Capital One took over issuing store-branded cards for Walmart. However, last year, Walmart terminated its relationship with Capital One due to issues concerning transaction updates and delays in replacing lost cards.

Beyond this latest alliance, Walmart has consistently explored various avenues for credit partnerships. Earlier in 2025, they partnered with Klarna to introduce installment lending as another payment alternative for consumers. These efforts reflect Walmart’s ongoing commitment to diversifying and enhancing customer payment experiences.

This renewed partnership signifies Walmart's dedication to improving its financial services offerings. By leveraging Synchrony’s expertise and integrating advanced technology through OnePay and Mastercard, Walmart aims to provide a seamless and comprehensive shopping experience for its customers. This initiative not only strengthens Walmart's position in the retail market but also underscores the evolving dynamics between retailers and financial service providers.