Affirm buy now, pay later loans will be embedded into Apple Pay later this year
Publishing timestamp: 2024-06-11 11:41:28
Summary
Apple device users will soon have the option to use buy now, pay later loans from Affirm through Apple Pay. This partnership is seen as a boost to Affirm and the buy now, pay later sector. Despite concerns that Apple's own BNPL product would overshadow standalone providers like Affirm, the partnership shows that Affirm has unique offerings. Affirm's stock rose after the announcement, even though the company stated that the partnership would not significantly impact revenue in the near future. Additionally, there are predictions about Nvidia's potential impact on the S&P 500, recommendations for diversifying with certain stocks, and praise for a specific ETF for dividend funds.
Sentiment: POSITIVE
Tickers: AFRM, C, AAPL, SYF, FISV,
Keywords: business, venture capital, breaking news: investing, banks, technology, investment strategy, affirm holdings inc, citigroup inc, synchrony financial, business news, fintech, breaking news: markets, apple inc, san francisco, fiserv inc,
Source: https://www.cnbc.com/2024/06/11/apple-pay-affirm-buy-now-pay-later-loans.html