Walmart had leaned on Capital One as exclusive provider of its credit card since 2018, but sued the bank in 2023 so that it could exit the relationship.

Walmart's majority-owned fintech company OnePay has teamed up with Synchrony Financial to issue the retail giant's credit card, the consumer financial services company said on Monday, marking a return of a collaboration that ended in 2018.

OnePay, a fintech backed by Walmart, chose Synchrony to head up the credit-card program, the companies said Monday. Synchrony had handled Walmart’s store-issued cards for nearly 20 years before the retailer switched over to Capital One in 2018.