Is Walmart backing America’s next financial super-app? episode artwork

EPISODE · Jul 21, 2026 · 36 MIN

Is Walmart backing America’s next financial super-app?

from Compound Interest from Semafor Business · host Semafor Podcasts

America’s biggest retailer is quietly getting into banking. After trying and failing to crack financial services a few times, is back at it with OnePay, which has 7 million customers, $50 billion in annual payment flow — and virtually zero in acquisition costs. Piggybacking on Walmart’s 1.5 million employees and 150 million customers, it thinks it can succeed where other fintechs have floundered. Liz and Rohan talk to CEO Omer Ismail to find out whether the big box titan can really compete with the big banks.

Episode metadata supplied by the publisher feed · Published Jul 21, 2026

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Is Walmart backing America’s next financial super-app?

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