Affirm Holdings Inc (NASDAQ: AFRM) is trading lower Tuesday as traders broadcast Mastercard Inc’s (NYSE: MA) “Buy Now, Pay Later” (BNPL) news.
Mastercard apparent its own BNPL affairs alleged “Mastercard Installments,” which will accord consumers a adjustable advantage to pay through interest-free installments.
“It enables banks, lenders, fintechs, and wallets to action a array of adjustable chapter options to consumers – including a aught percent interest, pay-in-four archetypal – after arduous affiliation into the merchant infrastructure, acceptance them to bound action defended and aggressive BNPL adventures at scale,” Mastercard stated.
Affirm offers a belvedere for agenda and mobile-first commerce. It comprises a point-of-sale acquittal band-aid for consumers, merchant business solutions, and a consumer-focused app.
The aggregation afresh appear a affiliation with Amazon.com Inc (NASDAQ: AMZN) acceptance barter to acquirement items with an chapter plan.
AFRM Price Action: Affirm has traded as aerial as $146.90 and as low as $46.50 over a 52-week period.
The banal was bottomward 6.88% at $119.56 at time of publication.
Photo: Alina Kuptsova from Pixabay.
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