Klarna Secures Exclusive Walmart BNPL Partnership, Replacing Affirm

The deal strengthens Klarna's U.S. presence ahead of its IPO and marks a key step in Walmart's fintech expansion through OnePay.

Klarna has replaced Affirm as Walmart's exclusive Buy Now, Pay Later (BNPL) provider, with services set to launch later this year.
The partnership will be implemented through Walmart's fintech startup OnePay, offering installment loans with repayment terms of 3 to 36 months.
Affirm, which had held the Walmart BNPL partnership since 2019, saw its stock drop significantly following the announcement.
Klarna's deal with Walmart is expected to boost its U.S. market presence and valuation as it prepares for a highly anticipated IPO in 2025.
Walmart's OnePay aims to leverage this partnership to expand its financial services offerings and grow its user base of over 3 million active customers.