In partnership deal, CT-based Synchrony to debut new Walmart, general-purpose credit cards
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Synchrony is based at 777 Long Ridge Road, Stamford.
Stamford-based financial services company Synchrony announced it has partnered with OnePay, a financial technology platform that is majority owned by mega-retailer Walmart, to develop a private-label Walmart credit card program.
As part of the program, OnePay and Synchrony will introduce both a general-purpose card, which will serve as the program’s signature card and be available to use anywhere Mastercard is accepted, and a private label card, which will be exclusively for Walmart purchases.
The program is expected to debut this fall. Financial terms of the partnership weren’t disclosed.
“Our goal with this credit card program is to deliver an experience for consumers that’s transparent, rewarding, and easy to use,” OnePay CEO Omer Ismail said. “We’re excited to be partnering with Synchrony to launch a program at Walmart that checks each of those boxes and will help serve millions of people.”
Synchrony is headquartered at 777 Long Ridge Road, in Stamford.
“We are proud to be selected by OnePay to further our mission of helping people live better and build healthier financial futures with Walmart,” Synchrony President and CEO Brian Doubles said. “Together, we aim to drive even greater innovation and new credit experiences to better serve customers while driving long-term, high-quality growth.”
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