OnePay, the fintech venture backed by Walmart and Ribbit Capital, doubled its key growth metrics over the past year. The company now serves 6 million monthly active users. It processes an annualized $50 billion in payments.
The financial super-app currently holds a valuation exceeding $4 billion. OnePay leverages Walmart's customer base to offer checking accounts, investment platforms, and buy now, pay later services.
This growth demonstrates traction for Walmart's strategy to embed financial services within its retail ecosystem. OnePay now competes directly with traditional banks and established fintech firms.