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Walmart’s Fintech Launches ‘Buy Now, Pay Later’ to Conquer Lending Market

Walmart's fintech company, One, is now offering big-ticket loans through their stores, competing with Affirm. This move threatens the existing partnerships Walmart has with other financial institutions. One's ambition is to become a comprehensive financial platform, overtaking the roles of external partners in banking, lending, and payments. Walmart's plan is to grow its non-retail revenue sources, with One playing a crucial role in its finance expansion.