Affirm and Shopify Join Forces to Launch Shop Pay Installments in New Global Markets

Affirm and Shopify Join Forces to Launch Shop Pay Installments in New Global Markets

Affirm and Shopify have joined forces to expand their global partnership, enhancing payment flexibility for consumers and merchants alike. This collaboration solidifies Affirm’s role as the exclusive pay-over-time provider for Shop Pay Installments in the U.S. and now extends into Canada, with future plans to reach the U.K. and other international markets.

What This Partnership Means for Merchants

The renewed agreement between Affirm and Shopify aims to broaden Shopify’s payment offerings globally. This will allow merchants to provide various flexible payment options to their customers, enhancing the overall shopping experience. The partnership has proven successful in the U.S., prompting Shopify to launch the service in Canada and target expansion into the U.K. soon.

Benefits of Affirm’s Buy Now, Pay Later Solution

Affirm’s buy now, pay later (BNPL) solution offers consumers the ability to make purchases with tailored payment plans. Key features include:

  • Biweekly and monthly payment options
  • No late or hidden fees
  • Interest rates as low as 0% APR
  • Term lengths of up to 24 months

Shopify’s Commitment to Enhancing Customer Experience

Shopify, a leading e-commerce platform, continues to integrate essential financial tools, including Shop Pay Installments, to empower merchants in managing their online stores effectively. In the coming months, eligible Shopify merchants in Canada will have the opportunity to offer Shop Pay Installments powered by Affirm at checkout, providing customers with personalized payment plans.

Global Expansion Plans

This partnership is set to further expand into additional international markets, with the U.K. being the next target. The success of Shop Pay Installments in the U.S. has led to increased demand from merchants worldwide for more flexible payment solutions.

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Statements from Leaders

Shopify COO Kaz Nejatian expressed enthusiasm about the partnership, stating, “Given the success of our long-standing partnership with Affirm in the U.S., bringing them to our merchants internationally is a no-brainer.” He emphasized the importance of Affirm’s technology and commitment to transparency in supporting Shopify’s ecosystem.

Affirm’s founder and CEO Max Levchin highlighted the collaboration’s significance, noting, “Five years ago, Shopify and Affirm teamed up to create a bespoke payment solution that helps all kinds of businesses thrive by giving their customers more choice and flexibility.” He expressed excitement about continuing their international expansion and meeting global merchant demand.

For more information about Affirm and their services, or to learn more about Shopify, visit their official websites.

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