Synchrony Financial to once again issue Walmart's credit card

June 9 (Reuters) - Walmart WMT.N has once again partnered with Synchrony Financial SYF.N to issue the retail giant's credit card, the consumer financial services company said on Monday.

The card will be integrated into Walmart's OnePay app and operate on Mastercard's MA.N global network. The card, expected to be launched this fall season, will provide users with access to the retail giant's wide-ranging in-store and online ecosystem.

Retailers are increasingly collaborating with lenders to provide consumers with a wider range of payment choices.

Besides the general-purpose credit card that can be used anywhere MasterCard is accepted, OnePay and Synchrony will also launch a private label card that will be limited to purchases at Walmart.

Synchrony previously issued Walmart's cards, but the retailer ended the two-decade-long partnership in 2018, handing over the issuance of its store-branded credit cards to Capital One COF.N the following year.

However, Walmart ended its credit card partnership with Capital One last year, citing delays in updating transactions to cardholders' accounts and slow replacement of lost cards.

Over the years, Walmart has explored various credit partnerships and also partnered with Klarna for installment lending earlier in 2025.