1. 86.5 million Americans used Buy Now, Pay Later services in 2024. 2. This number may increase to 91.5 million by 2025. 3. Affirm's COO highlights a shift to alternative credit solutions. 4. Buy Now, Pay Later threatens traditional credit card revenue streams. 5. Traditional banks are cautious of Buy Now, Pay Later's consumer credit impact.
Increased adoption of Buy Now, Pay Later solutions positively positions Affirm, suggesting growth potential. Historical examples show strong user trends can lead to revenue spikes for similar companies.
The article indicates a significant industry shift, which can lead to sustained demand for AFRM’s services. With growing consumer numbers, AFRM stands to benefit directly.
As consumer preferences shift towards alternative credit, affirmative business models will likely see sustained growth. Long-term usage patterns could solidify Affirm's market position.