Affirm and Shopify Take Multi-Year Partnership Global
Affirm (NASDAQ: AFRM) and Shopify have announced an expanded global partnership agreement. The deal maintains Affirm as the exclusive provider of Shop Pay Installments in the United States and extends this exclusivity to Canada, with plans to expand into the UK market.
Under the agreement, eligible Shopify merchants in Canada will be able to offer Shop Pay Installments powered by Affirm at checkout. Customers will have access to flexible payment options including biweekly and monthly plans, with rates starting at 0% APR, terms up to 24 months, and no late or hidden fees.
The partnership, which began five years ago, has seen significant success since Shop Pay Installments' launch in 2021, with millions of consumers utilizing the payment option across Shopify's U.S. merchant network.
Affirm (NASDAQ: AFRM) e Shopify hanno annunciato un accordo di partnership globale ampliato. L'accordo mantiene Affirm come fornitore esclusivo di Shop Pay Installments negli Stati Uniti e estende questa esclusività anche in Canada, con piani di espansione nel mercato britannico.
In base all'accordo, i commercianti Shopify idonei in Canada potranno offrire Shop Pay Installments supportati da Affirm al momento del pagamento. I clienti avranno accesso a opzioni di pagamento flessibili, tra cui piani bi-settimanali e mensili, con tassi che partono dallo 0% APR, termini fino a 24 mesi e senza commissioni per ritardi o costi nascosti.
La partnership, iniziata cinque anni fa, ha visto un notevole successo dalla sua lancio di Shop Pay Installments nel 2021, con milioni di consumatori che utilizzano questa opzione di pagamento nella rete di commercianti statunitensi di Shopify.
Affirm (NASDAQ: AFRM) y Shopify han anunciado un acuerdo de asociación global ampliado. El acuerdo mantiene a Affirm como el proveedor exclusivo de Shop Pay Installments en los Estados Unidos y extiende esta exclusividad a Canadá, con planes de expansión al mercado del Reino Unido.
Según el acuerdo, los comerciantes elegibles de Shopify en Canadá podrán ofrecer Shop Pay Installments impulsados por Affirm en el momento de pagar. Los clientes tendrán acceso a opciones de pago flexibles, incluyendo planes quincenales y mensuales, con tasas que comienzan en 0% APR, plazos de hasta 24 meses y sin cargos por retrasos ni tarifas ocultas.
La asociación, que comenzó hace cinco años, ha tenido un éxito significativo desde el lanzamiento de Shop Pay Installments en 2021, con millones de consumidores utilizando esta opción de pago en la red de comerciantes de Shopify en EE. UU.
Affirm (NASDAQ: AFRM)와 Shopify가 글로벌 파트너십 계약 확대를 발표했습니다. 이 계약은 Affirm이 미국에서 Shop Pay Installments의 독점 제공업체로 유지되며, 이 독점성을 캐나다로 확장하고 영국 시장으로의 확장을 계획하고 있습니다.
계약에 따라 캐나다의 자격을 갖춘 Shopify 상인들은 결제 시 Affirm이 지원하는 Shop Pay Installments를 제공할 수 있게 됩니다. 고객은 0% APR부터 시작하는 유연한 결제 옵션, 24개월까지의 조건 및 연체료나 숨겨진 수수료 없는 계획을 포함한 선택권을 가질 수 있습니다.
5년 전 시작된 이 파트너십은 2021년 Shop Pay Installments의 출시 이후 상당한 성공을 거두었으며, 수백만의 소비자가 Shopify의 미국 상인 네트워크에서 이 결제 옵션을 사용하고 있습니다.
Affirm (NASDAQ: AFRM) et Shopify ont annoncé un accord de partenariat mondial élargi. Cet accord maintient Affirm en tant que fournisseur exclusif de Shop Pay Installments aux États-Unis et étend cette exclusivité au Canada, avec des projets d'expansion sur le marché britannique.
En vertu de l'accord, les commerçants Shopify éligibles au Canada pourront proposer Shop Pay Installments alimenté par Affirm au moment du paiement. Les clients auront accès à des options de paiement flexibles, y compris des plans bihebdomadaires et mensuels, avec des taux commençant à 0 % APR, des conditions allant jusqu'à 24 mois et sans frais de retard ni frais cachés.
Le partenariat, qui a commencé il y a cinq ans, a connu un succès significatif depuis le lancement de Shop Pay Installments en 2021, avec des millions de consommateurs utilisant cette option de paiement dans le réseau de commerçants de Shopify aux États-Unis.
Affirm (NASDAQ: AFRM) und Shopify haben eine erweiterte globale Partnerschaftsvereinbarung bekannt gegeben. Der Deal sichert Affirm die exklusive Bereitstellung von Shop Pay Installments in den Vereinigten Staaten und erweitert diese Exklusivität nach Kanada, mit Plänen zur Erweiterung auf den britischen Markt.
Im Rahmen der Vereinbarung können berechtigte Shopify-Händler in Kanada Shop Pay Installments, die von Affirm unterstützt werden, an der Kasse anbieten. Die Kunden haben Zugang zu flexiblen Zahlungsoptionen, einschließlich zweiwöchentlicher und monatlicher Pläne, mit Zinssätzen ab 0 % APR, Laufzeiten von bis zu 24 Monaten und ohne verspätete oder versteckte Gebühren.
Die Partnerschaft, die vor fünf Jahren begann, hat seit dem Start von Shop Pay Installments im Jahr 2021 erheblichen Erfolg gesehen, wobei Millionen von Verbrauchern diese Zahlungsoption im Händlernetzwerk von Shopify in den USA nutzen.
- Secured exclusive provider status for Shop Pay Installments in both US and Canada
- Planned expansion into UK market
- Partnership renewal indicates successful existing relationship
- Millions of consumers already using the service in the US
- None.
Insights
This renewed and expanded partnership represents a strategic coup for Affirm in the increasingly competitive BNPL landscape. The exclusive agreement with Shopify effectively locks out competitors like Klarna, Block (Afterpay), and PayPal from one of e-commerce's most valuable ecosystems, creating a significant moat around Affirm's business model.
The international expansion aspect is particularly compelling for three reasons: First, the Canadian market entry provides a natural extension of Affirm's existing infrastructure, potentially allowing for operational synergies and reduced customer acquisition costs. Second, the planned U.K. expansion targets one of the world's most mature BNPL markets, where consumer adoption rates exceed 37% among online shoppers. Third, the multi-year nature of the agreement provides Affirm with stable, predictable revenue streams and reduces platform risk.
The partnership's structure, offering term lengths up to 24 months and rates as low as 0% APR, positions Affirm to capture both small-ticket and larger purchase volumes. This flexibility is important for merchant adoption and consumer usage, particularly in new markets where BNPL awareness may vary.
From a competitive standpoint, this deal significantly strengthens Affirm's market position. While other BNPL providers must invest heavily in direct merchant acquisition, Affirm can leverage Shopify's vast network of over 2 million merchants. This efficient distribution channel should lead to lower customer acquisition costs and higher merchant adoption rates, potentially improving operating margins over time.
Affirm to continue as exclusive provider of Shop Pay Installments in US, will become exclusive provider in
Expanded agreement enables partnership to continue growing to new markets worldwide, with plans to enter the
“Given the success of our long-standing partnership with Affirm in the
Over the coming months, eligible Shopify merchants in
“Five years ago, Shopify and Affirm teamed up to create a bespoke payment solution that helps all kinds of businesses thrive by giving their customers more choice and flexibility,” said Max Levchin, Founder and CEO of Affirm. “Since then, millions of consumers in the
Since its launch in 2021, Shop Pay Installments has been rapidly adopted, with millions of consumers using the payment option across Shopify’s extensive merchant network in the
About Affirm
Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network – one based on trust, transparency and putting people first – we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X .
About Shopify
Shopify is the leading global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for speed, customization, reliability, and security, while delivering a better shopping experience for consumers online, in store, and everywhere in between. Shopify powers millions of businesses in more than 175 countries and is trusted by brands such as BarkBox, Vuori, BevMo, Carrier, JB Hi-Fi, Meta, ButcherBox, SKIMS, Supreme, and many more. For more information visit www.shopify.com.
AFRM-F
Payment options through Affirm are subject to eligibility. In the
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including statements regarding plans to make Affirm’s platform services available to eligible Shopify merchants through the Shop Pay Installments feature and the timing thereof, and statements regarding the future success of Affirm’s relationship with Shopify and Shopify merchants and consumers. These forward-looking statements involve known and unknown risks, uncertainties and other important considerations that may cause Affirm's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties and other considerations include the factors set forth in the sections entitled “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Forward-Looking Statements” in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on August 28, 2024, subsequent Quarterly Reports on Form 10-Q and any other periodic reports that the Company may file with the Securities and Exchange Commission. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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Media
Affirm: press@affirm.com
Shopify: press@shopify.com
Source: Affirm Holdings, Inc.
FAQ
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