Affirm is now available to Apple Pay users across the US, making it easier for consumers to shop and pay online. This expansion is a significant milestone for the company.
With Affirm, Apple Pay users can now split purchases into manageable installments, giving them more control over their finances. This feature is available on the Affirm app and on participating merchants' websites.
Apple Pay users can enjoy the flexibility of Affirm's payment plans, which allow them to pay over time without incurring interest or fees. This can be especially helpful for larger purchases or those who want to budget their expenses.
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Affirm Expands in US
Affirm expands in the US by integrating with Apple Pay, allowing users to opt for biweekly or monthly payments at rates starting from 0% APR.
This integration aims to combine Apple Pay's ease, convenience, and security with Affirm's flexible payment solutions. Affirm's Senior Vice President of Product, Vishal Kapoor, is thrilled to bring the power of Affirm to Apple Pay users in the US.
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Users with iOS 18 and iPadOS 18 or later can select "Other Cards & Pay Later Options" at checkout, go through a quick eligibility check, and choose from customised payment plans. Affirm maintains its commitment to responsible lending, ensuring that transactions are individually underwritten and free from late or surprise fees.
Other banks, including ANZ in Australia, HSBC in the UK, CaixaBank in Spain, and Citi Synchrony, along with issuers partnered with Fiserv in the US, are preparing to roll out similar services.
Affirm's new features represent a growing trend of integrating BNPL services with major digital payment platforms, reflecting an increasing consumer demand for flexible and transparent payment options.
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New Payment Options
With Affirm now integrated into Apple Pay, you can access buy now, pay later options directly from your iPhone or iPad. This feature is available to consumers with the latest operating system and works with any merchant that accepts Apple Pay.
You don't need to have an integration with Affirm for the merchant to offer this option. Affirm replaces Apple Pay Later, which was shut down in June after launching in March 2023.
To use Affirm with Apple Pay, simply tap "Other Cards & Pay Later Options" and select Affirm on eligible purchases. You'll then fill out a form and receive a real-time credit decision.
If approved, you can choose a payment plan with repayment schedules ranging from six weeks to 24 months. Keep in mind that while some Affirm plans offer 0% APR for a promotional period, many involve interest charges.
This means the total amount you repay could be significantly higher than the original purchase price. Affirm generally doesn't charge late fees, but interest accrual can be costly if payments aren't managed carefully.
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Affirm Services Update
Affirm has integrated its BNPL services with Apple Pay in the US, allowing users to pay over time with biweekly or monthly payments starting from 0% APR.
This integration aims to combine the ease and convenience of Apple Pay with Affirm's flexible payment solutions, giving users more control over their purchases.
Users with iOS 18 and iPadOS 18 or later can select "Other Cards & Pay Later Options" at checkout, go through a quick eligibility check, and choose from customized payment plans.
Affirm maintains its commitment to responsible lending, ensuring that transactions are individually underwritten and free from late or surprise fees.
The service is part of iPadOS 18 and works with any merchant that accepts Apple Pay, without requiring an integration with Affirm.
To use the service, a consumer shopping on a merchant's site or app that accepts Apple Pay can tap "Other Cards & Pay Later Options" and select Affirm on eligible purchases.
Users will see customized biweekly and monthly payment plans with repayment schedules ranging from six weeks to 24 months, if approved.
Affirm's Senior Vice President of Product, Vishal Kapoor, says the integration combines the ease, convenience, and security of Apple Pay with the features users love in Affirm – flexibility, transparency, and no late or hidden fees.
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The service has been surging, with a 48% increase in revenue for Affirm's fiscal fourth quarter ended June 30, and a 42% year-over-year increase in transaction count to 24.7 million.
Other banks, including ANZ in Australia, HSBC in the UK, CaixaBank in Spain, and Citi Synchrony, are preparing to roll out similar services, reflecting an increasing consumer demand for flexible and transparent payment options.
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