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","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":3,"featured_media":196790,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[41909,259,9167,7789,133,81,693,3346,611,11731,158,67,132,68,1594,29218],"class_list":{"0":"post-196789","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-att-inc","9":"tag-banks","10":"tag-breaking-news-business","11":"tag-breaking-news-investing","12":"tag-breaking-news-markets","13":"tag-business-news","14":"tag-fintech","15":"tag-investment-strategy","16":"tag-mobile","17":"tag-retail-industry","18":"tag-technology","19":"tag-united-states","20":"tag-unitedstates","21":"tag-us","22":"tag-venture-capital","23":"tag-walmart-inc"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115140333594010148","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/196789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=196789"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/196789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/196790"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=196789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=196789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=196789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}