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Amazon and Affirm bring BNPL payments to Canada

27 septembrie 2022

Affirm, the payment network that empowers consumers and helps merchants drive growth, announced the expansion of its relationship with Amazon to Canada. This new Pay-Over-Time Option option will be available during checkout to all eligible customers in both English and French within the next month.

„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.” the company says.


„Customers who select Affirm as a payment option during checkout on Amazon.ca will go through a quick, free soft credit check that won’t impact their credit score. In seconds, Affirm’s technology will determine available payment options for each customer. If approved, eligible customers will be able to split their purchases of $50 or more into simple monthly payments.” – according to the press release.

„From the start, eligible customers will know how many monthly payments they have and when they’ll be done paying. Even if they’re late or miss a payment, a customer’s total payment amount will not increase, and they will not be charged a late or hidden fee.” – the company explains.

We’re always looking to enhance the paying experience for our customers, including how and when they can pay for their orders,” shares David Williams, Vice President of Amazon Payment Products. “Introducing Affirm in Canada gives our customers another flexible payment option for their purchases.”

Since launching with Amazon in the U.S., we’ve been providing eligible Amazon customers with a powerful tool to responsibly increase their purchasing power,” said Geoff Kott, Affirm’s Chief Revenue Officer. „We are excited to bring customers shopping on Amazon.ca the opportunity to pay for everyday items and milestone purchases with Affirm as we deliver the same level of transparency and flexibility that customers have come to expect from Affirm across our markets in North America and beyond.”

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?