AFRM Affirm Holdings Inc

By Will Feuer

Amazon.com said eligible U.S. merchants that offer Amazon Pay, the e-commerce giant's payment processing service, can now integrate Affirm's buy now, pay later tool.

Shares of Affirm rose about 14% to $18.00 in premarket trading Wednesday.

Customers who click the Amazon Pay button on a participating retailer's site now have the option to select Affirm as their payment method.

Affirm's adaptive checkout service offers bi-weekly and monthly payment options side-by-side with cash prices at online checkout.

The companies said offering Affirm's service at checkout could drive overall sales by convincing customers to spend more.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

June 07, 2023 09:33 ET (13:33 GMT)

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