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Affirm, Amazon partner to enable pay-over-time feature


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Modest toy figures are viewed in front of diplayed Amazon brand in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration

August 27, 2021

(Reuters) – Affirm Holdings Inc explained on Friday it has partnered with Amazon.com Inc to make its invest in now, pay out later on services readily available to specified buyers of the e-commerce big, sending its shares 43% higher immediately after the bell.

In the United States, Australia and Europe, purchase now, fork out afterwards is promoted as an option to credit playing cards. The company has soared in popularity during the pandemic as shoppers seek other possibilities to make buys that are less difficult on their wallets.

San Francisco-based mostly Affirm claimed select Amazon buyers would be equipped to break up the whole value of purchases of $50 or far more into simple regular monthly payments employing its company.

It designs to roll out the feature to much more buyers in the coming months.

Started in 2012, Affirm has grow to be a single of the most nicely known get now, shell out later on firms in the United States.

(Reporting by Eva Mathews in Bengaluru Modifying by Aditya Soni)

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