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Walmart plans to offer BNPL loans through its fintech venture - report

Published 12/08/2022, 06:31 PM
Updated 12/08/2022, 06:35 PM
© Reuters. A display for multinational retail corporation Walmart is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Picture taken June 23, 2022. REUTERS/Chris Helgren/File Photo
WMT
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(Reuters) - The fintech venture backed by Walmart (NYSE:WMT) Inc is planning to launch buy now, pay later loans as soon as next year, the Information reported on Thursday, citing three people familiar with the matter.

© Reuters. A display for multinational retail corporation Walmart is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Picture taken June 23, 2022. REUTERS/Chris Helgren/File Photo

Walmart did not immediately respond to a Reuters request for comment.

The retail giant last year entered a strategic partnership with investment firm Ribbit Capital to create the fintech startup, known as "One".

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