US supermarket giant Walmart is planning to offer buy now, pay later options – the Information reported.
In Brief:
Walmart intends to offer buy now, pay later loans to customers as soon as next year.
It is currently building its own FinTech startup, called “One”.
This is through a partnership with Ribbit Capital, an investment business.
What does this mean?
Walmart’s majority owned joint venture seeks to explore FinTech opportunities that can serve and retain its customers, with lending options like buy now, pay later becoming increasingly popular.
