Financial services provider for shoppers and merchants, Affirm Holdings Inc (NASDAQ:AFRM) competitor Klarna announced a partnership with OnePay to offer installment loans at Walmart Inc (NYSE:WMT). The exclusive deal with Walmart means Affirm will no longer provide loan installment services for the retailer.

Shares of Affirm Holdings, Inc. AFRM dropped 4.2% yesterday as Swedish fintech Klarna announced it will be the exclusive provider of buy now, pay later (BNPL) loans for Walmart Inc. WMT in the United States this year.

On the heels of its IPO filing, Swedish fintech giant Klarna announced on Monday that it will exclusively provide buy now, pay later loans for Walmart.