JOURNAL ARTICLE

Affirm CEO Says More Retailers Offering Interest-Free Buy Now, Pay Later Loans.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Smith, Paige 3 of 3

Abstract

Affirm Holdings Inc., a buy now, pay later provider, is experiencing increased interest from retailers who want to subsidize consumer borrowing in the US. This is in response to more shoppers using buy now, pay later options to finance their holiday spending. Affirm CEO Max Levchin stated that more retailers are willing to eat interest-linked costs in order to offer zero-interest loans and attract customers. The use of buy now, pay later options increased by 16% to $67 billion during last year's Cyber Monday. Affirm is also outpacing its competitors in the buy now, pay later space and recently partnered with Apple Inc. to offer its pay-over-time services to Apple Pay users. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/09, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • Accession Number:179742637
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