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Walmart-backed fintech OnePay is adding wireless plans to its everything app

1. OnePay launches wireless plan for $35/month, enhancing service offerings. 2. Walmart aims for OnePay to be a super app like WeChat and Alipay. 3. The service simplifies payments and might attract more users to OnePay. 4. Partnership with Gigs enhances customer acquisition for wireless services. 5. Average consumers might benefit from lower mobile costs through OnePay.

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FAQ

Why Bullish?

The introduction of a wireless plan can enhance user growth and engagement, similar to how fintech expansions positively impacted PayPal's stock after diversifying services.

How important is it?

The launch of new financial services can attract more customers, benefiting Walmart's bottom line in the long term.

Why Long Term?

As OnePay develops into a super app, Walmart may see growth in transactions and user engagement, potentially mirroring historical growth trajectories of integrated service platforms.

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