Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves 
Oil Prices Extend Four-Day Rally as U.S.-Iran Conflict and Red Sea Threats Raise Supply Fears 
Japan Yen Slides Past 163 as Middle East Tensions Lift US Dollar, Oil Prices 
US-Iran Conflict Escalates as Gulf Attacks Threaten Global Oil Supply 
US Dollar Pauses Rally as Middle East Tensions Support Safe-Haven Demand 
Australia ASIC Tightens Auditor Oversight After KPMG Leak Scandal 
Gold Price Holds Above $4,130 as Fed Rate Outlook and Middle East Tensions Support Safe-Haven Demand 
Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call 
Asian Currencies Hold Steady as Middle East Tensions Boost US Dollar, Oil Concerns 
US Stock Futures Rise as AI Optimism Lifts Tech, 3M Jumps on Strong Earnings 
Scandinavian Tobacco Group Sells BREAK and Moro Brands to Japan Tobacco for €176 Million 
Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad 
Ryanair Warns Summer Airfares May Stay Lower as Quarterly Profit Misses Estimates 
Nasdaq Drops as AI Earnings, Oil Surge and Middle East Tensions Weigh on Wall Street 
Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
Domino’s Weighs Appeal After Australian Court Rules Workers Were Misled on Pay 
Amazon Pay, Amazon's online payment service, has now incorporated a Buy Now, Pay Later (BNPL) feature in the US through a strategic partnership with fintech giant, Affirm. The BNPL feature offers more flexible payment options for users making purchases over $50.
Amazon Pay tapped Affirm financial technology company so it can offer an installment payment option to its users. As part of the agreement, Affirm's Buy Now, Pay Later technology has been integrated into Amazon's online payment service.
According to CNET, Affirm has around 16 million active users to date. It allows people to buy anything and pay for the purchase in monthly or bi-weekly terms starting at 0% Annual Percentage Rate (APR). Then again, users must take note that their items must be worth more than $50 to avail of the BNPL offer payment scheme.
Amazon Prime customers have Amazon Pay, and the new Affirm Buy Now, Pay Later is easily accessible since the button for this service is already active on the platform. If a customer wants to use Affirm on Amazon Pay for her or his purchase, easy steps await since clicking the function is all that is needed to be done.
Affirm's processing of approvals for first-time users is fast and almost instant. The financial tech firm said that there is no processing fee, and credit score is not affected by the service as well.
"We know customers want convenient and flexible payment options - whether they are checking out on Amazon.com or using Amazon Pay," Amazon Pay's director, Omar Soudodi, said in a press release. "With Affirm on Amazon Pay, merchants can offer a pay-over-time option to their existing customers and have another way to reach new customers."
Affirm's president, Libor Michalek, further commented, "Digital wallets are an increasingly critical part of the shopping experience and are expected to account for over half of e-commerce transactions worldwide by 2025. By integrating Affirm's Adaptive Checkout, thousands of merchants can offer their customers personalized payment options and increased spending power through Amazon Pay's convenient and secure checkout experience."
Photo: BoliviaInteligente/Unsplash
