New York, December 20, 2023 – Shares in payment network company, Affirm Holdings (Nasdaq: AFRM), jumped more than 15% on Tuesday after the company announced it would expand its partnership with Walmart to offer a Buy Now, Pay Later (BNPL) service at self-checkout kiosks at over 4,500 Walmart stores in the United States.
Pat Suh, Affirm’s SVP of Revenue, commented, “Recent Affirm research revealed that more than half of Americans (54%) are looking for retailers to offer a buy now, pay later option at checkout. Moreover, we’ve found that 76% of consumers would either delay or not make a purchase without Affirm. Expanding our partnership with Walmart and bringing Affirm’s transparent monthly pay-over-time options to their self-checkout kiosks in the U.S. will help even more consumers increase their purchasing power during the holiday shopping season and beyond.”
US consumers can pay over time with Affirm in Walmart stores nationwide, on walmart.com, in the Walmart app, and at Walmart Vision and Auto Centers.
Affirm’s stock has achieved an impressive 70.9% surge in the past three months, surpassing the industry average of 2.6%. The company’s fiscal year 2024 revenues are expected to align closely with the fiscal 2023 level of 7.9%. The consensus mark for current-year revenues is pegged at nearly $2 billion, suggesting a 25.4% rise from the prior year’s reported number. Affirm’s market cap stands at almost $11.6 billion.
About Affirm
Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees.
About PRISM MarketView:
Established in 2020, PRISM MarketView is dedicated to the monitoring and analysis of small cap stocks in burgeoning sectors. We deliver up-to-the-minute financial market news, provide comprehensive investor tools and foster a dynamic investor community. Central to our offerings are proprietary indexes that observe emerging sectors, including biotech, clean energy, next-generation tech, medical devices and beyond. Visit us at prismmarketview.com and follow us on Twitter.
Buy Now, Pay Later: Affirm (Nasdaq: $AFRM), Shares Jump on News of Walmart Partnershiphttps://t.co/lgGzNwvAbe#stockstowatch #StocksInNews #investors #PrismMarketView #PrismMediaWire #PrismDigitalMedia
— PrismMarketView (@PrismMarketView) December 20, 2023
PRISM MarketView does not provide investment advice.
Media Contact
Company Name: Prism MarketView
Email: info@prismmarketview.com
Phone: 646-863-6341
Country: United States
Website: https://prismmarketview.com
