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Affirm offers lending plans from six weeks to 60 months, compared with Apple’s plan to split up Apple Pay purchases over four payments across six weeks, Affirm CEO Max Levchin said. The Apple service “creates a really nice tailwind for us” by informing more people about buy now, pay later services, he said.
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“I don’t think there’s much concern,” Levchin said Tuesday in an interview on Bloomberg Television. “There’s a lot of room for growth for all involved.” Buy now, pay later is used for fewer than 5% of US transactions, he said.
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