Affirm to Integrate Buy Now, Pay Later with Apple Pay: Stock Up 11%
Deals
June 20, 2024
Affirm Holdings' stock jumped +11% on June 11th after announcing its buy now, pay later loans will be integrated into Apple Pay for U.S. users on iPhones and iPads, available later this year.
Affirm's stock (AFRM) charged as much as 11.6% higher to an intraday high of $33.98 moments after the opening bell, before paring gains. It was recently up 5% in midday trading.
Affirm said it was announced by Apple (AAPL) on Tuesday that its payment products are expected to be available to Apple Pay users in the U.S. later this year.
"This will enable those users checking out online or in-app with Apple Pay on iPhone and iPad to be able to apply to pay over time with Affirm," the company said.
"We'll plan to share more details at a later time," a spokesperson said in an emailed statement to MarketWatch.
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