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Apple to Integrate Affirm Payment Products for Apple Pay Users in the US Later This Year

Jun 11, 2024, 01:27 PM

Apple Inc. has announced that Affirm Holdings' payment products will be available for Apple Pay users in the United States later this year. This integration will enable users to apply for loans directly through Affirm when checking out with Apple Pay, and offer pay-over-time options for iPhone and iPad users. Additionally, users will be able to redeem rewards for purchases with Apple Pay through Discover and Synchrony. Affirm does not expect this partnership to have a material impact on its revenue or gross merchandise volume in fiscal year 2025. Apple Pay will also roll out the ability to access installments from credit and debit cards with Citi, Synchrony, and issuers with Fiserv. Apple shares are up 2.05% in early trading.