Walmart’s Fintech Unit Is Getting Ready To Play BNPL

Fintech backed by Walmart CNBC says that one plans to sell a product you can buy now and pay for later.

Customers at Walmart stores and on Walmart.com could pay for their shopping in instalments.

CNBC says that sources say the service could go live next year.

Walmart has recently expanded its financial services through One, an independent fintech unit run by Omer Ismail, the former head of consumer banking at Goldman Sachs.

In September, Bloomberg reported that the world’s largest retailer was getting ready to let employees and customers beta test a digital checking account. Lending and investing products were expected to follow.