Walmart’s fintech subsidiary, OnePay, joined Google’s Agent Payments Protocol (AP2). This move marks a significant strategic shift toward providing infrastructure for AI-driven commerce, moving away from traditional payments. OnePay will now function as a credential provider within the protocol, rather than just a payment rail.
This positioning allows OnePay to define the rules and guardrails for AI agents. Specifically, OnePay will govern how agents handle user credentials, interpret purchasing intent, and select payment options.
By operating upstream of transactions, Walmart aims to govern the framework of future autonomous payments. This step is potentially transformative for its evolution as a fintech powerhouse, extending beyond its core retail business.
Separately, Wells Fargo raised its price target on Walmart stock to $130 on the same day. The firm maintained an "Overweight" rating.