back Back

Affirm to launch Affirm Card with access to Buy Now, Pay Later functionality

By Pavithra R

February 26, 2021

  • Affirm Pay
  • America
Share

Affirm to launch Affirm Card with access to Buy Now, Pay Later
Max Levchin, CEO and founder of Affirm

Affirm, providing significant disruptive innovation to the financial industry, has announced plans to launch Affirm Card, a debit card with direct access to pay-over-time functionality.

The new Card will enable consumers to pay upfront, from their bank account, or pay later by using a unique post-purchase feature. Customers will have the provision to instantly convert any eligible transaction into one that is pay-over-time without any late fees or hidden charges.

“We know consumers are looking for financial control and flexibility. In the last year, we’ve seen two key trends: huge growth of buy-now-pay-later transactions and consumer preference shift to debit cards over credit cards. The Affirm Card combines the two, allowing Affirm to meet consumers where they are and empowering them to pay on their own terms,” said Max Levchin, CEO and founder of Affirm.

The FinTech has also announced its plans for the Card to address both of these trends. The firm expects to make the Card available later this year and is inviting consumers interested in early access, to sign up for the Card waitlist.

“Millions of consumers have already enjoyed Affirm’s simple and transparent pay-over-time offerings at thousands of merchants. Soon, whether shopping for a laptop at Walmart or glasses at Warby Parker, consumers will be able to choose to buy now or pay later, using the Affirm Card at check out, online or in-store, with no hidden fees,” said Levchin.

Founded in 2012, San Francisco-based Affirm offers a more transparent, flexible alternative to credit cards. Its mission is to deliver honest financial products that improve lives. The company operates as a financial lender of instalment loans for consumers to use at the point of sale to finance a purchase.

Previous Article

February 25, 2021

Circit acquires Audapio, aims to cut audit costs

Read More
Next Article

February 26, 2021

Compass Plus tests Oracle’s new cloud infrastructure in Russia

Read More

IBSi Prime News

astra

December 08, 2021

Affirm Pay

Transferring money to the right place at the right time: Interview with Gil Akos, CEO of Astra

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

YES BANK partners with The Fintech Meetup to drive grass root level FinTech

Read More

Today

Cashfree partners with Dvara Solutions to provide digital disbursements

Read More

Today

5Paisa collaborates with Neobank Dinero

Read More

Related Reports

Sales League Table Report 2021

£1,500 / year

Know More
US Financial Services Technology Report 2021

£1,500 / year

Know More
The Future of Digital Banking Report 2021

£1,500 / year

Know More
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More