Fiserv has joined forces with Affirm to bring buy now, pay later capabilities to banks’ and credit unions’ debit card programmes.
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The two firms have been working together since 2022, integrating Affirm into Fiserv’s Commerce Hub, enabling merchants to offer BNPL at checkout. Now, those same instalment payment options will be extended to the debit card programmes of Fiserv’s thousands of bank and credit union clients.
The partners say they will handle all of the technical aspects, leveraging Affirm’s platform to support real-time underwriting, loan origination, and funding.
And, by embedding BNPL into existing debit programmes, issuers can keep customer spend within their ecosystem, driving engagement and transaction growth, with cardholders doing everything directly from their bank’s app.
Erik Wichita, head, card services, Fiserv, says: “This partnership gives our clients a practical, scalable way to offer such payment flexibility through their existing debit products—helping them compete effectively, deepen customer and member relationships, and drive top-of-wallet engagement with their products.”
