Finance

Affirm buy now, pay later loans will be embedded into Apple Pay later this year

In this article

Chris Ratcliffe | Bloomberg | Getty Images

Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the companies said Tuesday.

Affirm will surface as an option for U.S. Apple Pay users on iPhones and iPads later this year, the San Francisco-based fintech company said in a filing. Apple confirmed the news in its own update.

“This provides users with additional payment choices, and offers the ease, convenience and security of Apple Pay alongside the features users love in Affirm – flexibility, transparency and no late or hidden fees,” Affirm said in an email statement.

Shares of Affirm rose 5% in early trading Tuesday, while shares of Apple were up about 2.5%.

This story is developing. Please check back for updates.

Products You May Like

Articles You May Like

Competition in the housing market is cooling off. Here’s why
Blistering AI demand drives a beat and raise at our other chipmaker Broadcom
FDA advisors recommend Eli Lilly’s Alzheimer’s drug donanemab, paving way for approval
Nathan’s hot dog contest parts ways with champion Joey Chestnut over plant-based frank partnership
Homebuyers take on ‘a lot more than a mortgage payment,’ expert says — ‘hidden costs’ average $18,000 a year

Leave a Reply

Your email address will not be published. Required fields are marked *