BNPL Company Affirm Launches New Payment Options To Boost Flexibility
Portfolio Pulse from Anusuya Lahiri
Affirm Holdings, Inc (NASDAQ:AFRM) has introduced new payment options, Pay in 2 and Pay in 30, to enhance flexibility and affordability for consumers. These options allow users to split purchases into two interest-free payments or pay in full within 30 days without late fees. The rollout has already increased cart conversion, and Affirm plans to extend these options to merchant partners. Affirm also expanded its partnership with Alterra Mountain Company. AFRM shares were trading lower by 2.69% at $30.32. Investors can gain exposure via Amplify Mobile Payments ETF (NYSE:IPAY) and Global X FinTech ETF (NASDAQ:FINX).
June 07, 2024 | 3:56 pm
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Affirm Holdings, Inc (NASDAQ:AFRM) has introduced new payment options, Pay in 2 and Pay in 30, to enhance flexibility and affordability for consumers. The rollout has already increased cart conversion, and Affirm plans to extend these options to merchant partners. AFRM shares were trading lower by 2.69% at $30.32.
The introduction of new payment options is likely to enhance user experience and increase transaction volumes, which is positive for Affirm's business. However, the immediate market reaction has been negative, with shares trading lower by 2.69%. The long-term impact is likely positive as the new options gain traction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Affirm Holdings via Global X FinTech ETF (NASDAQ:FINX). The introduction of new payment options by Affirm is likely to positively impact the ETF's performance in the long term.
As Affirm Holdings is part of the Global X FinTech ETF, the positive developments in Affirm's business are likely to benefit the ETF's performance in the long term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Affirm Holdings via Amplify Mobile Payments ETF (NYSE:IPAY). The introduction of new payment options by Affirm is likely to positively impact the ETF's performance in the long term.
As Affirm Holdings is part of the Amplify Mobile Payments ETF, the positive developments in Affirm's business are likely to benefit the ETF's performance in the long term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50