COLUMBUS, Ohio —OnePay and Klarna said they have partnered to let users of the OnePay Cash financial services platform convert recent purchases into fixed-term payment plans, the companies said Tuesday.
The feature, called “Swipe to Finance,” will allow eligible debit purchases to be turned into pay-over-time plans after checkout. It is expected to launch within the next few months, according to a joint statement from the companies.
The post-purchase financing option will combine OnePay’s consumer financial technology platform with Klarna’s digital banking and flexible payments capabilities.
“Customers want and deserve financial flexibility when they need it most, which is why we’re excited to offer new ways for them to pay over time and do it simply, transparently and all in the OnePay app,” Thomas Hoare, OnePay’s chief commercial officer, said in a statement.
‘Expanded Options’
Klarna Chief Commercial Officer David Sykes said the feature reflects a broader push to expand payment options for consumers.
“Post-purchase payments are becoming a core part of how people manage money,” Sykes said in a statement. “With Swipe to Finance powered by Klarna, we’re giving customers a simple, transparent way to take control of payments after the fact, directly in the OnePay app.”
The announcement builds on a growing relationship between the two companies tied to Walmart, which backs OnePay. Earlier this month, OnePay reached a $4 billion valuation, up from $2.5 billion in 2024, after repurchasing shares from employees, according to prior reporting.
Three-Million Monthly Users
OnePay was created through the merger of two fintech firms with the goal of developing an all-in-one financial services app. The company has grown to more than three-million monthly active users, aided by its distribution partnership with Walmart.
Klarna agreed in March to become Walmart’s exclusive provider of installment loans, a deal that enabled OnePay to add installment lending to its product offerings.
