Walmart-backed OnePay offers credit and debit cards, high-yield savings accounts, buy now, pay later loans and a digital wallet with peer-to-peer payments.<\/p>\n
Photo downloaded from OnePay website<\/p>\n
OnePay, the fintech firm majority owned by Walmart<\/a>, is launching its own branded wireless plan as it seeks to become a one-stop shop for its users, CNBC has learned.<\/p>\n OnePay Wireless will be available starting Wednesday in the OnePay app, according to Gigs, the mobile services startup that partnered with the company.<\/p>\n The plan costs $35 a month for unlimited 5G data, talk and text on the AT&T<\/a> network, Gigs said. The plans are activated in-app with a few clicks and don’t require credit checks or activation fees, the startup said.<\/p>\n OnePay, created by Walmart in 2021 alongside venture firm Ribbit Capital,\u00a0has methodically built out its offerings in a bid to become an American super app akin to overseas offerings like WeChat or Alipay. OnePay services include credit<\/a> and debit cards, high-yield savings accounts, buy now, pay later<\/a> loans, and a digital wallet with peer-to-peer payments.<\/p>\n The OnePay-Gigs partnership is the latest example of a fintech firm adding wireless connectivity to its product set; Klarna<\/a> and Nubank<\/a> have made similar announcements. \u00a0<\/p>\n Gigs CEO Hermann Frank said that embedding wireless plans into fintech services can lower AT&T’s customer acquisition costs \u2014 savings which can be shared with end users.<\/p>\n “The average consumer largely overpays for their phone bill,” Frank said. “We can now offer a product at a price point that is about half what the typical consumer pays right now, with all the modern features that you require.”<\/p>\n OnePay confirmed the launch and declined to comment further.<\/p>\n Don\u2019t miss these insights from CNBC PRO<\/p>\n","protected":false},"excerpt":{"rendered":"Walmart-backed OnePay offers credit and debit cards, high-yield savings accounts, buy now, pay later loans and a digital…\n","protected":false},"author":2,"featured_media":116718,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[7116,4498,4467,4497,1386,161,49,48,11119,1385,190,15994,61,5673,44840],"class_list":["post-116717","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-att-inc","tag-banks","tag-breaking-news-business","tag-breaking-news-investing","tag-breaking-news-markets","tag-business-news","tag-ca","tag-canada","tag-fintech","tag-investment-strategy","tag-mobile","tag-retail-industry","tag-technology","tag-venture-capital","tag-walmart-inc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/116717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=116717"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/116717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/116718"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=116717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=116717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=116717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}