Affirm CEO Expects AI Shopping Agents to Favor Interest-Free Installments
By PYMNTS
AI summary of the source article
Affirm CEO Max Levchin expects consumers using AI shopping agents to finance more purchases with interest-free installment loans. Such plans represented 28% of Affirm's gross merchandise volume in September.
Key facts
- Affirm CEO Max Levchin expects AI shopping agents to steer shoppers toward interest-free installment loans.
- Interest-free plans accounted for 28% of Affirm’s gross merchandise volume in September.
Source excerpt · PYMNTS
Affirm CEO Max Levchin expects more purchases to be financed with interest-free installment loans as consumers delegate shopping to artificial intelligence agents. He said agents comparing payment options could steer shoppers toward loans that spread out the purchase price without adding interest. Those plans accounted for 28% of Affirm’s gross merchandise volume in the September […] The post Affi…