Arcady Lapiro’s Post

Walmart BNPL, from Capital One to One, and taking aim at lending Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the retailer’s more than 4,600 U.S. stores. (Affirm has been the exclusive provider of installment loans for Walmart customers since 2019). This move isn't just confined to lending. Walmart recently ended its credit-card partnership with Capital One, hinting at possible plans for One to take over management of Walmart's co-branded and store cards. One is driving the leveling up Walmart's financial game; it's also a strategic move to counter fintech players like PayPal (with merchants/end users) and Chime (with end users). One's majority ownership by Walmart, with its huge and loyal customer base, gives it a unique advantage. https://lnkd.in/deeh6Q6v

Is "Bank of Walmart" going to be a real thing? Walmart has been one of the biggest players in the retail industry for years, and now they're looking to expand into the financial sector. A recent article I shared highlights the rise of FinTechs and banks partnering up, and Walmart's potential entry into this space is just another example of this trend. It will be interesting to see how this relationship develops and what kind of impact it will have on the industry. What do you think about Walmart's move into banking? https://lnkd.in/etZXxpFs

Walmart and One are partnering up, possibly sparking a competition in both retail and fintech. With One's move into lending, they aim to become a financial superapp, challenging existing players like Affirm and Capital One in Walmart's ecosystem. https://hubs.li/Q02wWVWp0 #WalmartPartnership #FintechInnovation #ConsumerLending

WANT MORE MONEY? START FINANCE WALMART-BACKED FINTECH ONE INTRODUCES BUY NOW, PAY LATER AS IT PREPARES BIGGER PUSH INTO LENDING Walmart's fintech venture, One, has launched buy now, pay later loans at over 4,600 U.S. stores, challenging Affirm's dominance in the BNPL space. With a potential shift in partnerships, including Affirm and Capital One, One's expansion hints at Walmart's ambition to create a financial super app. This expansion signals One's growing influence within Walmart, potentially displacing existing partners like Affirm and Capital One #walmart #fintech #one https://buff.ly/4b6slwu

Walmart’s One vs. Affirm – Who Will Reign Supreme?🛍️💸 “Walmart’s Fintech Foray: One's BNPL Breakthrough” 💸🛍️ Walmart’s majority-owned fintech startup, One, is making waves in the retail and financial services industry with the launch of its ‘buy now, pay later’ (BNPL) loans. This strategic move is set to reshape the shopping experience for millions of customers. Here’s the scoop on One’s BNPL service: -🌟New Shopping Flexibility: One’s BNPL service offers customers the option to purchase now and pay over time, enhancing the shopping experience. 🛒🔗 #ShoppingRevolution -🌟Competitive Edge: By launching BNPL, One is positioning itself as a strong competitor in the market, directly challenging existing services like Affirm. ⚔️🏪 #MarketCompetition -🌟Consumer Empowerment: This service empowers consumers with more payment choices for big-ticket items such as electronics and power tools. 🛠️📱 #ConsumerChoice -🌟Financial Innovation: One’s entry into BNPL is a testament to Walmart’s commitment to financial innovation and customer-centric solutions. 💡🌟 #FintechInnovation -🌟 Strategic Expansion: The introduction of BNPL loans is part of One’s broader ambition to become a financial superapp for saving, spending, and borrowing. 📈📲 #StrategicGrowth As we witness this exciting development, it’s clear that Walmart and One are not just adapting to the BNPL trend but are setting the stage for a new era of financial services. This bold step could redefine the future of retail finance, offering customers unparalleled convenience and flexibility. *** The previous CEO of the fintech company One is Bill Harris (Sold to Walmart), who is also known for his previous roles as the CEO of Intuit and PayPal. On the other hand, the CEO of Affirm is Max Levchin, who is one of the original co-founders of PayPal and has been recognized for his innovative contributions to the fintech industry. Both leaders are well-regarded for their experience and leadership in the financial technology sector. #WalmartOneBNPL #RetailEvolution #PaymentSolutions #FintechFuture #CustomerExperience https://lnkd.in/gSpX_uEf

Remember #Walmart's partnership with #Affirm last year to offer #BNPL at its kiosks for check out? Now Walmart has released its own BNPL service to finance big ticket items. If you're a #bank or #creditunion, this is what you have to know: Today, the frontlines of customer engagement for your financial institution is at purchase. That is a battleground that major banks, fintechs, tech & devices companies, and retailers are playing in. And they are doing it through Buy Now, Pay Later. Without your own split payments feature for your cardholders, displacement at the top of wallet is just a matter of time.

Consumers want BNPL. Big tech, fintech, big banks and retailers are now offering it. #Creditunions + #communitybanks: I implore you to consider the impact of NOT offering BNPL. The risk of inaction is quickly becoming too big to avoid.

While I agree that the frontlines of customer engagement for financial institutions are at purchase, BNPL isn’t the only engagement solution, and is not designed to drive top of wallet behavior. At Hoox we’ve reimagined cardholder engagement; we provide an optimization platform for financial institutions to better activate their card portfolios through personalized incentives at the point of purchase––converting at tremendous success rates.

🚀 Big Moves in Fintech! Walmart’s #One is stepping up its game with a new buy now, pay later option, directly challenging leaders like Affirm. As they expand into lending, it's clear Walmart is not just a retail giant but a growing fintech contender. What do you think about traditional companies making such bold moves in fintech? Is this the future of integrated financial services? #FintechEvolution #WalmartOne #BuyNowPayLater #InnovationInFinance

In the upcoming years, embedded lending is going to become as widespread as credit card payments. The idea of embedded lending started to truly take off in big volumes around 2019. And when in 2020, Square acquired AfterPay, it was a true recognition of the disruptive potential and the importance of embedded lending for businesses. By 2021 then embedded lending became widely known and actively promoted by fintechs and credit organizations with special focus on BNPL (Buy Now, Pay Later). BNPL providers like Affirm and Klarna grew incredibly quickly, leading to Apple and other big brands launching their Pay Later programs and products. The demand for BNPL checkout options drove business behavior. It showed and proved how much one can benefit from keeping lending in-house. Other more sophisticated embedded financing offers received wider adoption. What options did businesses have before in-house embedded lending? They could help customers with financing either through a bank or through a BNPL provider. Today, customers can pay businesses directly in instalments. No need to use a third party. Visionaries have figured out business models and fit them into various operations. Healthcare organizations, airlines, B2B equipment manufacturers, telecoms, the list goes on. Every day more businesses are rolling out their own pay-later plans as one of the best options to drive their revenue growth. These have become effective alternative to credit cards while also helping build closer relationships with clients. So stay tuned because the next 2-4 years will become the main chapter of embedded lending adoption. And generative AI capabilities will only boost it further. #EmbeddedLending #FintechInnovation #BNPL #DigitalPayments #TurnKeyLender