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• The Wall Street Journal reports that financing company Affirm is negotiating with Walmart to offer installment loans to its customers.

The story says that “the development is the latest sign of retailers’ desire to reach new customers with limited credit histories, and of the intensifying competition facing credit-card providers … The financing at first would be available in select locations and to certain customers online, though it could expand later if the program proves successful enough. Affirm’s loans will be largely geared to costlier Wal-Mart items like tires and other purchases over $200, a person familiar with the matter said.”

Walmart already has a relationship with Synchrony Financial, which issues affinity credit cards for the retailer.
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