{"id":11406,"date":"2021-08-30T14:10:38","date_gmt":"2021-08-30T18:10:38","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=11406"},"modified":"2021-08-31T09:23:18","modified_gmt":"2021-08-31T13:23:18","slug":"affirm-soars-on-buy-now-pay-later-pact-with-amazon","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/affirm-soars-on-buy-now-pay-later-pact-with-amazon\/","title":{"rendered":"Affirm Soars on Buy Now, Pay Later Pact with Amazon"},"content":{"rendered":"\n<p>Buy Now, Pay Later purchasing models are taking off, and a new partnership between Amazon and Affirm is showing there&#8217;s plenty of demand.<\/p>\n\n\n\n<p>Shares of Affirm surged 43% last Friday after the company teamed up with retail giant Amazon to offer a &#8220;Buy Now, Pay Later&#8221; service to some of its customers.<\/p>\n\n\n\n<p>Affirm&#8217;s partnership with Amazon will allow certain Amazon customers to split the total cost of transactions of $50 or more into monthly payments with Affirm&#8217;s BNPL service.<\/p>\n\n\n\n<p>The &#8220;Buy Now, Pay Later&#8221; service, seen as an alternative to credit cards, became increasingly popular during the pandemic as consumers looked for options that make transactions easier on their wallets.<\/p>\n\n\n\n<p>Many technology companies are now tapping into the market. Twitter CEO Jack Dorsey&#8217;s Square Inc has agreed to buy Australian BNPL pioneer Afterpay Ltd for $29 billion.<\/p>\n\n\n\n<p>Other technology companies, including Apple and Goldman Sachs, are also preparing to introduce their version of the service soon.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/affirm-amazon-partner-enable-pay-over-time-feature-2021-08-27\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Buy Now, Pay Later purchasing models are taking off, and a new partnership between Amazon and Affirm is showing there&#8217;s plenty of demand.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[212,202],"class_list":["post-11406","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-amazon","tag-apple"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=11406"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11406\/revisions"}],"predecessor-version":[{"id":11449,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11406\/revisions\/11449"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=11406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=11406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=11406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}