Affirm partners with FIS to expand BNPL debit card access

Affirm has partnered with FIS to integrate buy now, pay later (BNPL) capabilities into debit card programs offered by FIS's banking clients. This collaboration will allow banks to offer their customers biweekly and monthly payment plans directly through their existing debit cards, leveraging Affirm's extensive merchant network. The service will include options like 0% APR financing and longer payment terms, helping banks enhance their digital offerings and retain customers in an increasingly competitive landscape. Affirm will manage the underwriting and servicing of these loans, providing a seamless experience for consumers who prefer using debit cards over credit. This initiative comes at a time when BNPL services are gaining popularity, particularly among consumers looking for flexible payment options. The integration aims to meet evolving consumer demands while fostering customer loyalty for participating banks.