Affirm stock jumps after its buy now, pay later service added to Amazon Pay

Affirm shares jumped on Wednesday after the company's buy now, pay later service was added as an option for U.S. merchants who use Amazon Pay.

Video transcript

- Meantime, shares of Affirm surging today on news that Amazon will let US retailers that already use Amazon pay offer Affirm's Buy Now, Pay Later services. Amazon customers have already had access to Affirm. But adding the adaptive checkout service to Amazon pay allows for easier access to the Pay Later feature.

Now, a firm has rallied year to date as the consumer has remained resilient despite high inflation and recession concerns year to date. You're looking at a firm up more than 80% up. Double digits on the day as well.