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Affirm and Shopify Expand Global Partnership for Shop Pay Installments

Author

Slice of Retail Team
February 24, 2025

Key Highlights:

  • Affirm remains the exclusive pay-over-time provider for Shop Pay Installments in the U.S. and now in Canada.

  • Expansion plans include the U.K., continuing global growth efforts.

  • Eligible Shopify merchants in Canada will soon offer Shop Pay Installments, with flexible biweekly and monthly payment options.

  • Millions of U.S. consumers already use Shop Pay Installments, which launched in 2021.

Source: Business Wire

Notable Quotes:

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“Given the success of our long-standing partnership with Affirm in the U.S., bringing them to our merchants internationally is a no-brainer."

Kaz Nejatian, COO at Shopify
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“Millions of consumers in the U.S. have relied on the value Shop Pay Installments offers, and we’ve heard from merchants all over the world who are clamoring for the growth potential it provides.”

Max Levchin, Founder & CEO at Affirm

Why This Matters:

This expansion strengthens Affirm’s foothold in the global BNPL (Buy Now, Pay Later) market while reinforcing Shopify’s commitment to providing flexible payment solutions for merchants. With the addition of Canada and upcoming entry into the U.K., this partnership ensures more businesses and consumers worldwide can access transparent and flexible financing options, fueling e-commerce growth.