Online Lenders, Payments

Affirm lands the granddaddy of retail partners, Walmart

  • Walmart has partnered with fintech lender Affirm to provide point of sale financing.
  • Consumers can choose to pay later using Affirm.
close

Email a Friend

Affirm lands the granddaddy of retail partners, Walmart

Consumer lender Affirm has partnered with Walmart to give shoppers the option of using Affirm to pay for their purchases over time at nearly 4,000 Supercenters nationwide.

What’s happening: Once approved, Walmart shoppers can use Affirm to select a repayment term of 3, 6, or 12 monthly installments on a purchase they’re making.

“We are focused on providing customers transparent, easy, and convenient ways to pay, and offering Affirm both in stores and online is one way to do that,” said Daniel Eckert, Senior Vice President of Walmart Services & Digital Acceleration. “Providing multiple ways to shop and finance select items with no hidden fees is an important way we deliver on our promise to help our customers save money and live better.”

Tearsheet take: Purchase financing is a growing trend. Rather than offering financing options themselves, retailers are turning to firms like Affirm to provide their customers easy ways to finance purchases at the point of sale. In With the data it captures, more merchants use Affirm as a marketing lever — helping them better understand their customers.

For consumer point of sale lenders, Affirm is the 800 pound gorilla. There isn’t a better or bigger in-store partner for Affirm than Walmart.

0 comments on “Affirm lands the granddaddy of retail partners, Walmart”

Payments

Visa’s ‘Tap to Give’ campaign could tap into a new standard for donating to charity

  • ‘Tis the season and Visa wants to introduce contactless into the holiday spirit of giving.
  • With people more reliant on contactless, card, phone and watch tapping could become the new way for donations.
Rivka Abramson | November 24, 2021
Payments

The roadmap ahead for Square Banking with Luke Voiles

  • Luke Voiles heads Square's new banking group.
  • He shares his vision for the future of banking and the role Square will play in the global SMB ecosystem.
Zachary Miller | November 18, 2021
Payments

Novi wants to take on payments as Facebook’s fintech unit

  • Novi will encompass the whole financial services division as Facebook becomes Meta
  • The company eyes being a competitor in the payments industry as it develops its products
Iulia Ciutina | November 08, 2021
Payments

Klarna looks to capitalize on US holiday sales with in-store BNPL expansion

  • Klarna has collaborated with FreedomPay and Simon Property Group to offer in-store BNPL solutions ahead of the holiday season.
  • The Swedish firm is looking to improve its offline visibility by expanding its presence in physical retail stores across the US.
Ismail Umar | November 05, 2021
Payments

The $61 billion cannabis industry is getting its first dedicated digital payments platform

  • Valley Bank unveiled plans for Valley Pay at Money 20/20 earlier this month, with aspirations to migrate cannabis business’ cash usage to a secure, web application.
  • The platform operates as a digital wallet, seeking to serve cannabis dispensaries, growers, testing labs, armored car services, wholesalers, and other CBD/hemp businesses.
Subboh Jaffery | November 04, 2021
More Articles