Walmart plans to offer BNPL loans through its fintech venture

Reuters – The Walmart-backed fintech enterprise plans to purchase the mortgage now and repay the mortgage later, as early as subsequent 12 months, in accordance with three individuals aware of the matter. Info reported on Thursday.

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Walmart didn’t instantly reply to Reuters’ request for remark.

The retail large shaped a strategic partnership with funding agency Ribbit Capital final 12 months to create a fintech startup generally known as ‘One’.

(Reporting by Ananya Mariam Rajesh, Bangalore; Modifying by Shounak Dasgupta)

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