The retail giant is the majority owner of One, which is led by Goldman Sachs veterans. It plans to launch the new payment method as some Americans show signs of strain from inflation driving up the prices of food, housing and more.
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Walmart-backed fintech startup plans to launch its own buy now, pay later loans
“We’ve got some customers who are more budget-conscious that have been under inflation pressure now for months,” he told CNBC’s “Squawk Box.” “That sustained pressure in some categories, I think, is something customers are having to deal with as we approach Christmas.”
