Walmart’s OnePay Later and Klarna Partner for Post-Purchase BNPL

OnePay and Klarna have partnered to enable the users of the OnePay Cash financial services platform to convert recent purchases into fixed-term payment plans.

This ability to choose after checkout to pay over time will be available for eligible debit purchases, the companies said in a Tuesday (Jan. 20) press release.

Dubbed “Swipe to Finance,” the feature will be powered by OnePay’s experience as a consumer FinTech and Klarna’s capabilities as a global digital bank and flexible payments provider, according to the release.

Swipe to Finance will be launched within months, per the release.

“Customers want and deserve financial flexibility when they need it most, which is why we’re excited to offer new ways for them to pay over time and do it simply, transparently and all in the OnePay app,” Thomas Hoare, chief commercial officer at OnePay, said in the release.

David Sykes, chief commercial officer at Klarna, said in the release that Swipe to Finance is part of a larger effort to expand payment options for consumers.

“Post-purchase payments are becoming a core part of how people manage money,” Sykes said. “With Swipe to Finance powered by Klarna, we’re giving customers a simple, transparent way to take control of payments after the fact, directly in the OnePay app.”

It was reported Jan. 9 that OnePay, which is backed by Walmart, reached a valuation of $4 billion, up from $2.5 billion in 2024, after repurchasing shares from employees.

OnePay was formed from the combination of two smaller FinTechs, with the aim of establishing an all-in-one financial app, and has grown to upwards of 3 million monthly active users with the help of its distribution partnership with Walmart.

Klarna agreed to become Walmart’s exclusive provider of installment loans in March, and that partnership enabled OnePay to add installment loans to its product portfolio.

“Millions of people in the U.S. shop at Walmart every day — and now they can shop smarter with OnePay installment loans powered by Klarna,” Sebastian Siamiatkowski, co-founder and CEO of Klarna, said at the time in a press release.

According to the Tuesday press release, since that partnership was announced, OnePay and Klarna have been building payment options for consumers, and they plan to launch additional products and features later this year.