Reuters
One will be going head-to-head with some of Walmart's existing BNPL partners like Affirm, who helped the retail giant generate $648 billion in revenue last year, the report said. Customers can avail the facility to buy electronics, jewelry, power tools and automotive accessories, but items like groceries, alcohol, and weapons will not be eligible. BNPL loans, which shoppers repay in a handful of installments, have been steadily gaining popularity and drove $75 billion in online spending in 2023, according to Adobe Analytics.