August 30, 2021
Affirm Holdings Inc’s stake is 43% on Friday after the company has partnered with Amazon.com Inc to buy now and make the later pay (BNPL) service available to certain customers of the e-commerce giant. It soared.
Sold as a credit card replacement, the BNPL service has skyrocketed in popularity during pandemics as consumers want options that make it easier for them to buy in their wallets.
Jack Dorsey’s Square Inc agreed this month to acquire Australia’s BNPL pioneer Afterpay Ltd for $ 29 billion, according to a July report. Apple With Inc Goldman Sachs I was preparing a version of the service.
The Affirm partnership allows some Amazon customers to split the total cost of purchases of $ 50 and above into simple monthly payments using the service. This feature will be rolled out to more customers in the coming months.
Affirm will charge the merchant for a small point-of-sale loan that the shopper will pay in installments, bypassing the credit check.
Affirm’s stake, which debuted on the Nasdaq in January, was $ 97 in after-hours trading.
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Buy now and it will skyrocket and make sure you pay the deal with Amazon later
Source link Buy now and it will skyrocket and make sure you pay the deal with Amazon later