Affirm's Stock Soars as Buy Now, Pay Later Feature Expands in Walmart Stores

The payment network's shares rose 15% following the announcement, marking a significant recovery from last year's losses.

Affirm Holdings shares gained 15% after expanding its buy now, pay later (BNPL) relationship with Walmart, making the feature available at self-checkout kiosks in 4,500 U.S. Walmart stores.
The expansion of the BNPL feature comes in response to Affirm's research indicating that 54% of Americans wanted retailers to offer the BNPL option at checkout.
The BNPL feature is also available on walmart.com, the Walmart app, and at U.S. Walmart Vision and Auto Centers.
Affirm's shares have soared over 400% this year, surpassing its $49 initial public offering price from 2021 for the first time since early last year.
Affirm also has partnerships with other major retailers such as Amazon and Shopify.