Affirm and Walmart Announce Omnichannel Partnership

Customers can now use Affirm to make purchases and pay over time at
Walmart stores and online

SAN FRANCISCO–(BUSINESS WIRE)–Affirm, Inc., the financial technology company that provides transparent
and consumer-friendly payment alternatives to cash and traditional
credit, today announced a partnership with Walmart that will give
shoppers the option of using Affirm to pay for their purchases over time
at nearly 4,000 Supercenters nationwide. Walmart will begin to integrate
Affirm as a payment option on Walmart.com over the coming weeks.


The Affirm experience at Walmart Supercenters is designed to be
transparent, seamless and integrated with a consumer’s typical shopping
experience. Customers can check eligibility through https://www.affirm.com/shop/walmart
before they head into the store or while they shop, using their desktop
or mobile devices. A decision is made in real time, without impacting
their credit scores.

Once approved, shoppers select a repayment term of 3, 6, or 12 monthly
installments and are shown the exact repayment amount they’ll owe each
month, with interest displayed in simple dollars rather than as a
hard-to-calculate interest rate. There are no hidden or late fees, so
users will never pay a dollar more than they agree to. For in-store
shoppers, they will receive a unique barcode that is scanned by a store
associate at the register to complete a purchase.

“Walmart serves millions and has become a leader in the retail landscape
with its commitment to help shoppers ‘save money and live better,’ which
closely mirrors our own mission to ‘improve lives’ with our products,”
said Max Levchin, founder and CEO at Affirm. “I’m looking forward to
introducing Walmart customers to a modern and innovative way to buy the
things they need.”

“We are focused on providing customers transparent, easy, and convenient
ways to pay, and offering Affirm both in stores and online is one way to
do that,” said Daniel Eckert, Senior Vice President of Walmart Services
& Digital Acceleration. “Providing multiple ways to shop and finance
select items with no hidden fees is an important way we deliver on our
promise to help our customers save money and live better.”

Affirm is available as a payment option on purchases ranging from $150
to $2,000. Customers can shop for thousands of items including
electronics, home and garden, automotive, furniture and sporting goods
at Walmart Supercenters nationwide (except Iowa, West Virginia and
Puerto Rico) and online in the coming weeks. Select items, including
alcohol, tobacco, groceries, pharmacy and personal care, firearms and
money services, are not eligible to be purchased using Affirm.

Affirm is already available at Walmart Inc. owned brands Allswell and
Hayneedle. To learn more, customers can visit https://www.affirm.com/walmart-learn-more.

About Affirm

Affirm was founded with a goal to create honest financial products and
services that empower consumers and improve lives. Our goal is to
revolutionize the banking industry to be more accountable and accessible
to consumers. Today, Affirm provides millions of shoppers an alternative
to traditional credit cards at the point of sale, giving them the
flexibility to buy now and make simple monthly payments for their
purchases. Unlike payment options that have compounding interest and
unexpected costs, Affirm shows customers up front exactly what they’ll
pay each month — with no hidden fees and no surprises. Affirm partners
with over 2,000 merchants to give shoppers the option to pay with Affirm
at checkout with well-known brands across retail, including home
furnishings, travel, personal fitness, electronics, apparel and beauty,
and more. Loans are made in partnership with Affirm’s originating bank
partner Cross River Bank, a New Jersey State Chartered Commercial Bank,
Member FDIC.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and
live better — anytime and anywhere — in retail stores, online, and
through their mobile devices. Each week, over 275 million customers and
members visit our more than 11,300 stores under 58 banners in 27
countries and eCommerce websites. With fiscal year 2019 revenue of
$514.4 billion, Walmart employs over 2.2 million associates worldwide.
Walmart continues to be a leader in sustainability, corporate
philanthropy and employment opportunity. Additional information about
Walmart can be found by visiting https://corporate.walmart.com/,
on Facebook at https://www.facebook.com/walmart
and on Twitter at https://twitter.com/walmart.

Contacts

Elizabeth Allin
[email protected]
(415)
535-8050

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