Reported about 1 month ago
Affirm's CEO highlighted a 'secular shift' in consumer behavior away from credit card usage towards alternative payment methods, particularly in the buy now, pay later sector. With strong quarterly revenue results, Affirm is seeing recovery in consumer engagement, especially in electronics, indicating broader economic trends. The company believes there is substantial growth potential in this market, as it currently represents just a fraction of the $1 trillion credit card debt.
Source: YAHOO