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Consumer Adoption of Buy-Now-Pay-Later In Travel Increasing Rapidly: Affirm’s Earnings

5 months ago

Affirm, the public buy-now-pay-later (BNPL) fintech company just reported its latest quarterly earnings, and some hint that BNPL is being rapidly adopted by the suppliers in travel AND increasing usage by the travelers. From the earnings call transcript: “The Travel and Ticketing segment has been outperforming expectations, and volume more than doubled year over year. Our long-term partners, Expedia, Vrbo and Priceline were all in the top 10 by volume in Q3. The quarter also marked the general availability of Affirm on American Airlines and the launch of our very first Canadian travel merchant…Travel and Ticketing increased to $390 million, up 122% from last year, topping last quarter’s high mark. With the recent easing of mask mandates and travel restrictions, we see extraordinary demand to book travel now and pay over time with Affirm. We also remain enthusiastic about consumer demand for live events.”

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