Apple Announces Affirm Payment Products To Be Available For Apple Pay Users In US Later This Year, Enabling Pay Over Time Options On iPhone And iPad; Affirm Expects No Material Impact On Revenue Or Gross Merchandise Volume In FY 2025
Portfolio Pulse from Benzinga Newsdesk
Apple has announced that Affirm payment products will be available for Apple Pay users in the US later this year, allowing pay-over-time options on iPhone and iPad. Affirm does not expect any material impact on revenue or gross merchandise volume in FY 2025.
June 11, 2024 | 1:07 pm
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POSITIVE IMPACT
Apple's partnership with Affirm to offer pay-over-time options for Apple Pay users could enhance the user experience and drive more transactions through Apple Pay.
The partnership with Affirm could make Apple Pay more attractive to users by providing flexible payment options, potentially increasing the number of transactions processed through Apple Pay.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Affirm's integration with Apple Pay will provide more exposure and usage opportunities, but the company does not expect any material impact on revenue or gross merchandise volume in FY 2025.
While the partnership with Apple could increase Affirm's visibility and usage, the company has stated that it does not expect any significant impact on its financials in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100