Hanwha Offers Up to $1.2 Billion for Austal US Business 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Bets 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
S&P 500, Nasdaq Futures Rise as Iran Risks and CPI Loom 
BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds 
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
