Apple Pay will soon offer affirm buy now, pay later loans.

Apple Pay will soon offer affirm buy now, pay later loans.
Apple Pay will soon offer affirm buy now, pay later loans.
  • Affirm announced that soon, Apple device users will have access to buy now, pay later loans for their purchases.
  • Apple Pay users on iPhones and iPads will have the option of using Affirm later this year.

Buy now, pay later loans for purchases will soon be accessible to device users, companies announced Tuesday.

Later this year, U.S. Apple Pay users on iPhones and iPads will have the option of using Affirm, as announced by the San Francisco-based fintech company in a filing. Apple also confirmed this news in its own update.

Affirm offers users the convenience and security of Apple Pay, along with the flexibility, transparency, and no late or hidden fees that users love, providing additional payment options.

On Tuesday, Affirm's shares increased by 5% in early trading, while Apple's shares rose approximately 2.5%.

This story is developing. Please check back for updates.

by Hugh Son

Markets