Payments News

On The Web

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Companies

As Klarna and Affirm Falter, a New Breed of ‘Buy Now, Pay Later’ Startups are Stealing the Spotlight

“With hype over the “buy now, pay later” trend fading, some investors are betting they’ve found the next big thing. Buy now, pay later companies like Klarna and Affirm, which let shoppers defer payments to a later date or break up purchases into interest-free installments, are under immense strain as consumers become more wary about spending due […]
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Companies

Affirm Partners with Agoda to Bring Travelers More Flexible Payment Options

“Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with global travel platform Agoda, part of Booking Holdings, the world’s leading provider of online travel and related services. Now, eligible travelers can book their hotel accommodations for upcoming trips across the Agoda platform both on web and via the app […]
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Companies

A Warning Sign for the Buy-Now-Pay-Later App Affirm

“Some of the riskiest loans given to millennials and Gen Z shoppers for clothes and electronics — and neatly repackaged for investors — are dropping in value. Securitization packages of buy-now-pay-later loans from one provider, Affirm Holdings Inc., are falling in price for investors to buy while becoming more expensive to issue, after rising rates […]
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Companies

Affirm and Stripe Partner to Help Businesses Grow Their Revenue

“Affirm, the payment network that empowers consumers and helps merchants drive growth and Stripe , a financial infrastructure platform for businesses, announced a strategic partnership that makes Affirm’s Adaptive Checkout™ available to Stripe users in the U.S. today. Adaptive Checkout uses Affirm’s smart decision engine to make a real-time underwriting decision and offer consumers optimized […]
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Companies

Wealthy BNPL Consumers Give Affirm a Boost

“It turns out that buy now-pay later services appeal to the rich as well as those less well off in an inflationary environment because both are eager to save a buck — at least that’s the conclusion in one equity analyst report on buy now-pay later company Affirm.”
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Companies

Affirm Beats on Revenue, Sees Early Recovery in Travel Spending

“Affirm Holdings Inc. topped revenue expectations Monday afternoon while delivering an optimistic forecast for the current quarter. The buy-now-pay-later company posted a fiscal third-quarter net loss of $247.2 million, or $1.06 a share, compared with a loss of $85.6 million, or $1.80 a share, in the year-earlier quarter. Gross merchandise volume rose 83% from a […]

On The Wires

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Companies

Affirm to be First Buy Now, Pay Later Partner Fully Integrated to Carat from Fiserv

“Affirm, the payment network that empowers consumers and helps merchants drive growth, and Fiserv, a global provider of payments and financial services technology solutions, today announced a relationship that will make Affirm available to Fiserv enterprise merchant clients later this year. With this partnership, Affirm will become the first buy now pay later provider fully […]
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Companies

Affirm Announces New App Enabling Consumers to Shop Anywhere and Split Payments

“Affirm, Inc., the financial technology company that provides transparent and consumer-friendly payment alternatives to cash and traditional credit, today announced its new app, which allows consumers to shop at virtually any store and split their payments. The app enables consumers to shop with the trust and convenience that modern shoppers demand, furthering the company’s mission […]
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Companies

Affirm and Walmart Announce Omnichannel Partnership

“Affirm, Inc., the financial technology company that provides transparent and consumer-friendly payment alternatives to cash and traditional credit, today announced a partnership with Walmart that will give shoppers the option of using Affirm to pay for their purchases over time at nearly 4,000 Supercenters nationwide. Walmart will begin to integrate Affirm as a payment option […]