Walmart to offer instalment payments

Walmart be offering instalment loans for purchases at stores in the US after Klarna partnered with OnePay

The partnership will give Walmart’s millions of weekly US customers and members flexible payment options for thousands of items both online and in stores — and will be directly integrated inside Walmart at checkout this year.

OnePay, the consumer fintech backed by Walmart and Ribbit Capital, is already integrated inside of Walmart’s physical and digital channels, offering financial services to its millions of customers and 1.6 million U.S. associates in addition to being available to consumers everywhere.

"This is a game changer,” said Klarna CEO Sebastian Siemiatkowski. “Millions of people in the US shop at Walmart every day — and now they can shop smarter with OnePay installment loans powered by Klarna.”