/payments

News and resources on payments systems, innovations and initiatives worldwide.

Target taps Affirm and Sezzle for BNPL

With the holiday season fast approaching, US retail giant Target has inked deals with buy now, pay later firms Affirm and Sezzle.

  1 Be the first to comment

Target taps Affirm and Sezzle for BNPL

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The news sent Affirm's share price up nearly 20% in afternoon trading to over $133 a share.

The company went public in January at $49 a share but has since soared thanks to the BNPL craze and a recent deal with Amazon.

Target shoppers will be able to use Affirm to pay for purchases of over $100 in monthly instalments.

Smaller rival Sezzle will be offered as an option to split purchases into four interest-free payments over six weeks.

Gemma Kubat, president, financial and retail services, Target, says: “We know our guests want easy and affordable payment options that work within their family’s budget.”

Sponsored [New Report] Confirmation of Payee progress and APP fraud mitigation: Where are we now?

Related Company

Keywords

Comments: (0)

Webinar – Transforming Wealth Management through Macroeconomic InsightsFinextra PromotedWebinar – Transforming Wealth Management through Macroeconomic Insights