Confirm Holdings Inc (NASDAQ:AFRM) Trades Lower Tuesday As Traders Circulate Mastercard Incs (NYSE: MA) “Buy Now, Pay Later” (BNPL) news.
Mastercard has unveiled its own BNPL program dubbed “Mastercard Payments”, which will give consumers a flexible option to pay via interest-free installments.
“It enables banks, lenders, fintechs and wallets to offer consumers a variety of flexible repayment options – including a zero percent interest, pay-in-four model – without cumbersome integration into the commerce infrastructure, making them quickly secure and competitive. BNPL experiences on a large scale,” Mastercard said.
Affirm provides a platform for digital and mobile-first commerce. It includes a point-of-sale consumer payment solution, merchant commerce solutions, and a consumer-facing app.
The company recently announced a partnership with Amazon.com Inc (NASDAQ: AMZN) allowing customers to purchase items with an installment plan.
AFRM Price Promotion: Affirm has traded as high as $146.90 and as low as $46.50 in a 52-week period.
The stock fell 6.88% to $119.56 at the time of publication.
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