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Walmart backed startup fintech launches buy now, pay later option [FOX Business Network]
Last walmart inc. earnings: 2/18 06:00 am
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US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The payment option is being used in some of Walmart's stores. The Arkansas-based retailer has over 4,000 stores around the U.S. but it didn't specify which stores are using One. One declined to comment. According to One's website, the pay over time feature applies to purchases between $100 and $3,000. It also comes with an annual percentage rate (APR) between 9.99% and 35.99%, which depends on your creditworthiness. One's system rivals that of Affirm, which Walmart already uses to help customers purchase products across its stores and online. Buy now, pay later services, which let customers pay for purchases over time, have been growing in interest in recent years, especially at a time when Americans are contending with persisting inflation , high interest rates and student loan payments. Over the holiday season, for instance, online spending during Cyber Week was driven in large part by "Buy Now Pay Later" options, according to Adobe. Usage of such services hit an all-ti
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