Walmart has chosen Klarna as its exclusive provider of buy now, pay later (BNPL) loans in the US, marking a significant shift in its financing options.
The Swedish payments company, which is preparing for a US stock market debut, will power installment loans for Walmart customers through the retailer’s finance app, OnePay.
The new agreement sees Klarna replace Affirm, which had been Walmart’s BNPL partner since 2019.
Under the partnership, Klarna’s flexible financing options will be fully integrated at Walmart’s checkout, both in stores and online, offering shoppers a seamless way to split payments across various terms – ranging from three to 36 months.
“This is a game changer,” said Klarna’s co-founder and 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. OnePay choosing Klarna as their exclusive installment loans partner at Walmart in the US is a huge vote of confidence as we pursue our goal of being available everywhere for everything.”
Omer Ismail, CEO of OnePay, highlighted the importance of providing accessible credit solutions at checkout.
“It’s never been more important to give consumers simple and convenient ways to access fair credit at the point of sale — and that’s especially true for the millions of people who turn to Walmart every week for everything,” he said.
“We’re incredibly excited to partner with Klarna to give consumers easier and more seamless ways to shop with OnePay at Walmart.”
Klarna’s integration into OnePay is expected to roll out this year, enhancing Walmart’s payment offerings with more flexibility for shoppers.
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