Affirm Live When Checking Out Online or In-App with Apple Pay
Affirm (NASDAQ: AFRM) has announced that its flexible pay-over-time options are now available to Apple Pay users in the U.S. with iOS 18 and iPadOS 18 or later. Users can split eligible purchases into biweekly or monthly payments for as low as 0% APR when checking out online or in-app. The integration combines Apple Pay's ease, convenience, and security with Affirm's flexibility, transparency, and no late or hidden fees.
To use Affirm with Apple Pay, users select 'Other Cards & Pay Later Options' at checkout, undergo a quick eligibility check, and choose from customized payment plans. Affirm Card™ holders will see the option to select Affirm directly. Every transaction is underwritten individually, maintaining Affirm's commitment to responsible lending. The integration preserves Apple Pay's privacy and security features, with Apple not retaining any user-linked transaction information.
Affirm (NASDAQ: AFRM) ha annunciato che le sue opzioni di pagamento flessibili a rate sono ora disponibili per gli utenti di Apple Pay negli Stati Uniti con iOS 18 e iPadOS 18 o versioni successive. Gli utenti possono suddividere gli acquisti idonei in pagamenti bisettimanali o mensili a partire dal 0% di APR al momento del pagamento online o nell'app. L'integrazione combina la facilità, la comodità e la sicurezza di Apple Pay con la flessibilità, la trasparenza e l'assenza di commissioni tardive o nascoste di Affirm.
Per utilizzare Affirm con Apple Pay, gli utenti devono selezionare 'Altre carte e opzioni di pagamento successivo' al momento del pagamento, effettuare un rapido controllo di idoneità e scegliere tra piani di pagamento personalizzati. I possessori di Affirm Card™ vedranno l'opzione per selezionare Affirm direttamente. Ogni transazione è assicurata singolarmente, mantenendo l'impegno di Affirm per un prestito responsabile. L'integrazione conserva le funzionalità di privacy e sicurezza di Apple Pay, senza che Apple trattenga alcuna informazione sulla transazione legata all'utente.
Affirm (NASDAQ: AFRM) ha anunciado que sus opciones de pago flexibles ahora están disponibles para los usuarios de Apple Pay en EE. UU. con iOS 18 y iPadOS 18 o versiones posteriores. Los usuarios pueden dividir las compras elegibles en pagos quincenales o mensuales a partir del 0% de APR al realizar el pago en línea o en la aplicación. La integración combina la facilidad, comodidad y seguridad de Apple Pay con la flexibilidad, transparencia y la ausencia de tarifas ocultas o tardías de Affirm.
Para usar Affirm con Apple Pay, los usuarios deben seleccionar 'Otras tarjetas y opciones de pago posterior' al momento de pagar, pasar por una rápida verificación de elegibilidad y elegir entre planes de pago personalizados. Los titulares de la Affirm Card™ verán la opción de seleccionar Affirm directamente. Cada transacción se asegura de forma individual, manteniendo el compromiso de Affirm con un préstamo responsable. La integración conserva las características de privacidad y seguridad de Apple Pay, sin que Apple retenga ninguna información de la transacción vinculada al usuario.
Affirm (NASDAQ: AFRM)은 자사의 유연한 분할 결제 옵션이 이제 미국의 Apple Pay 사용자를 위해 iOS 18 및 iPadOS 18 이상의 버전에서 이용 가능하다고 발표했습니다. 사용자는 적격 구매를 2주마다 또는 월별 결제로 0% APR부터 나누어 결제할 수 있습니다. 이 통합은 Apple Pay의 간편함, 편리함 및 보안성과 Affirm의 유연성, 투명성, 추가 비용이나 숨겨진 수수료가 없는 점을 결합합니다.
Apple Pay와 함께 Affirm을 사용하려면 사용자가 결제 시 '다른 카드 및 나중에 결제 옵션'을 선택하고 빠른 자격 확인을 거쳐 맞춤형 결제 계획 중에서 선택해야 합니다. Affirm Card™ 소지자는 Affirm을 직접 선택할 수 있는 옵션을 볼 수 있습니다. 모든 거래는 개별적으로 보증되며, Affirm의 책임 있는 대출에 대한 약속을 유지합니다. 이 통합은 Apple Pay의 개인 정보 보호 및 보안 기능을 유지하며, Apple은 사용자와 연결된 거래 정보를 저장하지 않습니다.
Affirm (NASDAQ: AFRM) a annoncé que ses options de paiement flexibles sont désormais disponibles pour les utilisateurs d'Apple Pay aux États-Unis avec iOS 18 et iPadOS 18 ou version ultérieure. Les utilisateurs peuvent diviser les achats éligibles en paiements bimensuels ou mensuels à partir de 0 % de TAEG lors du passage à la caisse en ligne ou dans l'application. L'intégration combine la facilité, la commodité et la sécurité d'Apple Pay avec la flexibilité, la transparence et l'absence de frais de retard ou cachés d'Affirm.
Pour utiliser Affirm avec Apple Pay, les utilisateurs doivent sélectionner 'Autres cartes et options de paiement ultérieures' au moment du paiement, effectuer un rapide contrôle de l'éligibilité et choisir parmi des plans de paiement personnalisés. Les détenteurs de l'Affirm Card™ verront l'option de sélectionner Affirm directement. Chaque transaction est souscrite individuellement, maintenant l'engagement d'Affirm en matière de prêt responsable. L'intégration préserve les fonctionnalités de confidentialité et de sécurité d'Apple Pay, Apple ne conservant aucune information de transaction liée à l'utilisateur.
Affirm (NASDAQ: AFRM) hat angekündigt, dass ihre flexiblen Zahlungsoptionen jetzt für Apple Pay-Nutzer in den USA mit iOS 18 und iPadOS 18 oder höher verfügbar sind. Benutzer können berechtigte Einkäufe in zweiwöchentlichen oder monatlichen Zahlungen ab 0% APR beim Online- oder In-App-Kauf aufteilen. Die Integration kombiniert die Benutzerfreundlichkeit, Bequemlichkeit und Sicherheit von Apple Pay mit der Flexibilität, Transparenz und der Abwesenheit von verspäteten oder versteckten Gebühren von Affirm.
Um Affirm mit Apple Pay zu nutzen, wählen die Benutzer an der Kasse 'Andere Karten und später bezahlen Optionen', durchlaufen eine schnelle Berechtigungsprüfung und wählen aus maßgeschneiderten Zahlungsplänen. Inhaber der Affirm Card™ sehen die Option, Affirm direkt auszuwählen. Jede Transaktion wird einzeln unterzeichnet, wobei Affirm sein Engagement für verantwortungsvolles Kreditwesen aufrechterhält. Die Integration bewahrt die Datenschutz- und Sicherheitsmerkmale von Apple Pay, wobei Apple keine mit dem Nutzer verknüpfte Transaktionsinformationen speichert.
- Integration with Apple Pay expands Affirm's user base and potential transaction volume
- Offering 0% APR options may attract more customers and increase sales for merchants
- No impact on credit score for eligibility checks may encourage more users to try the service
- Individual transaction underwriting demonstrates commitment to responsible lending practices
- to users with iOS 18 and iPadOS 18 or later, potentially excluding a portion of Apple device users
Insights
Affirm's integration with Apple Pay is a significant strategic move that could potentially expand its user base and transaction volume substantially. This partnership taps into Apple's vast ecosystem, giving Affirm access to millions of Apple Pay users. The 0% APR option is particularly attractive and could drive adoption, potentially leading to increased revenue for Affirm.
However, investors should note that while this may boost transaction volume, it might also increase credit risk exposure. The impact on Affirm's financials will depend on user adoption rates and the performance of these loans. It's important to monitor future earnings reports for insights into how this integration affects Affirm's key metrics such as Gross Merchandise Volume (GMV) and revenue growth.
The integration of Affirm into Apple Pay represents a significant technological advancement in the fintech space. By leveraging Apple's secure ecosystem and Affirm's lending technology, this partnership creates a seamless user experience for buy-now-pay-later (BNPL) services. The requirement of iOS 18 and iPadOS 18 or later ensures that the feature benefits from the latest security protocols.
From a tech perspective, this move could accelerate the adoption of BNPL services among Apple users, potentially reshaping consumer behavior in digital payments. However, the success of this integration will largely depend on the user interface design and the speed of the eligibility check process, which are critical factors in ensuring widespread adoption and user satisfaction.
This partnership positions Affirm strategically in the competitive BNPL market. By integrating with Apple Pay, Affirm gains a significant competitive advantage over other BNPL providers, potentially increasing its market share. The move aligns with the growing consumer preference for flexible payment options, especially among younger demographics.
However, the BNPL sector faces increasing scrutiny from regulators concerned about consumer debt levels. Affirm's emphasis on responsible lending and transparency could help mitigate some of these concerns. Market reception will be key - watch for changes in Affirm's user acquisition costs and customer lifetime value in upcoming quarters to gauge the success of this integration. The partnership could also influence Apple's position in the fintech space, potentially leading to further collaborations or competing offerings from other tech giants.
Affirm’s flexible pay-over-time options now available to Apple Pay users with iOS 18 and iPadOS 18 or later
(Graphic: Business Wire)
“We are thrilled to bring the power of Affirm to Apple Pay users in the
“We are excited to provide users with even more flexibility and choice when making a purchase using Apple Pay with the introduction of Affirm loans at checkout with Apple Pay,” said Jennifer Bailey, Apple’s Vice President of Apple Pay and Apple Wallet. “This gives users access to Affirm's pay over time options right at the point of purchase, and leverages the easy, secure and private experience that our users already enjoy with Apple Pay.”
To begin, users with iOS 18 and iPadOS 18 or later can select “Other Cards & Pay Later Options” when checking out with Apple Pay on their iPhone or iPad. After choosing Affirm, they will go through a quick eligibility check that will not impact their credit score.
Approved users will see customized payment plans and can choose the one that works best for them. Once they agree to the terms, they can double-click the side button and authenticate with Face ID or Touch ID to confirm their purchase. Affirm users who already have an Affirm Card™ will also see the option to select Affirm on Apple Pay at checkout. In keeping with Affirm’s long-standing commitment to lend to consumers responsibly, every transaction will be underwritten individually, and consumers will never owe a penny in late or surprise fees.
In addition to the flexibility and transparency of Affirm, users can enjoy all the privacy and security features they love about Apple Pay. As with all Apple Pay purchases, when a user pays with Affirm, Apple does not retain any transaction information linked to the user.
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 show consumers exactly what they will pay up front and never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X.
Payment options through Affirm are subject to eligibility, and are provided by these lending partners: affirm.com/lenders. CA residents: Loans by Affirm Loan Services, LLC are made or arranged pursuant to California Finance Law license 60DBO-111681. The Affirm Card™ is a Visa® debit card issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240916393218/en/
Press:
Affirm
Andrea Hackett
press@affirm.com
Source: Affirm
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