Visa said its Flexible Credential will roll out with the Affirm Card, a debit card that allows eligible consumers to buy now and pay later right from the Affirm app.
Visa, Inc. ($V) shares were in focus on Tuesday after the company announced it is partnering with fintech firm Affirm Holdings Inc ($AFRM) for launching a card in the U.S. that will allow customers the flexibility to pay later for their purchases.
Visa said its Flexible Credential will roll out with the Affirm Card, a debit card that allows eligible consumers to buy now and pay later right from the Affirm app.
“Affirm Card users can pay in full anywhere Visa is accepted or request to pay over time for their purchase in the Affirm app. The Affirm Card is currently used by over 1.4 million consumers in the U.S. and the company looks forward to getting it into the hands of more people,” the company said in a statement.
In the United Arab Emirates, Visa is partnering with Liv, a digital bank launched by Emirates NBD. The payments giant cited recent data that shows cross-border outbound volumes from the UAE are one of the fastest growing among Visa’s largest cross-border countries.
The Visa Flexible Credential automatically routes a transaction to the account with the appropriate transaction currency, whether someone is paying online or in-store. Cardholders can easily move money between local and foreign currency accounts, making sure they have the funds to make a purchase.
Visa said the offering will be available to new and existing Liv customers and support five most popular currencies — U.S. Dollar, British Pound, Euro, Canadian Dollar and Australian Dollar.
On Stocktwits, retail sentiment inched up into the ‘neutral’ territory as of Monday’s close. However, retail chatter indicates investors are mostly positive on the stock.
Last month, the company had launched a new platform called Visa Tokenized Asset Platform (VTAP) in its bid to help financial institutions issue and manage fiat-backed tokens on blockchain networks.
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