BENTONVILLE, Ark.—The buy now and pay later (BNPL) market continues to expand, and this time through one of the country’s largest retailers, which is already a player in the BNPL space.
One, a Walmart-backed financial technology company, is now offering BNPL.
“According to One’s website, the pay-over-time feature applies to purchases between $100 and $3,000,” Fox Business said.
The BNPL financing comes with an annual percentage rate between 9.99% and 35.99%, based on the borrower’s creditworthiness.
“One's system rivals that of Affirm, which Walmart already uses to help customers purchase products across its stores and online,” Fox Business said.
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