Affirm Holdings, the popular ‘buy now pay later’ lender, has exciting news for its customers. In a recent announcement, the company revealed that it will be expanding its services to Walmart self-checkout kiosks across the U.S. This means that customers will now have the option to use Affirm’s BNPL services to pay off smaller purchases over an extended period of time at over 4,500 Walmart locations.
Stock Surges as Partnership Gains Momentum
After the news broke, Affirm’s stock experienced a significant boost. On Tuesday, it jumped 12% to $48.84, putting it on track to achieve its highest close since February 2022. This surge further reinforces the success of Affirm, as its stock has already soared an impressive 411% this year.
Enhancing Consumers’ Purchasing Power
Pat Suh, Affirm’s Senior Vice President of Revenue, expressed excitement about the expanded partnership with Walmart. In the news release, he stated that bringing Affirm’s transparent monthly pay-over-time options to Walmart’s self-checkout kiosks during the upcoming holiday shopping season and beyond will help even more consumers increase their purchasing power.
Empowering Customers with More Flexibility
Before this exciting development, customers already had the option to select Affirm as a payment method when shopping on Walmart’s website. However, the inclusion of Affirm’s services at Walmart self-checkout kiosks will provide customers with even greater convenience and flexibility, empowering them to manage their finances and make purchases in a way that suits their needs.
Conclusion
The partnership between Affirm and Walmart is set to revolutionize the shopping experience for customers. With Affirm’s BNPL services now available at over 4,500 Walmart locations, shoppers can look forward to more financial freedom and ease during their purchases. This move is a testament to Affirm’s commitment to providing transparent and accessible payment solutions, making it a leader in the industry.