Updated

Updated · Bloomberg · Jun 2

Walmart-Backed OnePay Doubles to 6 Million Users as Annualized Payments Hit $50 Billion

Updated

Updated · Bloomberg · Jun 2

Walmart-Backed OnePay Doubles to 6 Million Users as Annualized Payments Hit $50 Billion

1 articles · Updated · Bloomberg · Jun 2

OnePay reached 6 million monthly active users and $50 billion in annualized payments, with both metrics doubling from a year earlier, according to people familiar with the results.
Walmart is using the fintech service to push a payments alternative to its vast base of shoppers and employees, challenging Apple Pay's grip with one of the few major merchants that has resisted it.
The growth suggests OnePay is gaining scale despite still having limited name recognition among most Americans, underscoring Walmart's broader effort to expand beyond retail into financial services.

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