Search results for Affirm
Finance
Google Pay adds installment payments to AI shopping with Affirm, Klarna integration
Google has added installment payment options from Affirm and Klarna to Google Pay. Users can choose pay-later installments on the payment screen through dedicated buttons, running on Google’s Universal Commerce Protocol-based platform. Klarna and Google said the move reflects shopping shifting toward conversational, AI-based environments and highlights the importance of secure, trusted payment options. Google did not disclose rollout countries, partner expansion plans or fee structures.
Finance
Fintech hot issue: AI services spread across finance as BNPL market expands
Financial companies including major banks are introducing a growing range of AI-based services, raising questions about whether consumers will see tangible benefits. Shinhan Bank launched an OpenAI GPT-based export document screening service, while KakaoBank and Toss Bank expanded AI offerings. The Export-Import Bank of Korea plans to invest 20 trillion won over five years to support domestic AI firms. Overseas, U.S. BNPL payments hit records during the year-end shopping season, Adobe Analytics data showed.
Finance
U.S. retail industry grows more dependent on buy now, pay later
U.S. retailers are increasingly relying on buy now, pay later (BNPL) payment options amid high interest rates and concerns about weaker consumer spending. Forbes reported that merchants adopting PayPal’s BNPL saw average order values rise 91 percent. Competition is expanding among major BNPL providers and card issuers. Regulators and credit agencies are also stepping up scrutiny as usage concentrates among financially vulnerable consumers and delinquency concerns grow.