Apple (AAPL) and Affirm (AFRM) to Join on Buy Now, Pay Later for Canada Purchases - Bloomberg

August 3, 2021 3:32 PM EDT

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(Updated - August 3, 2021 3:35 PM EDT)

Apple (NASDAQ: AAPL) and Affirm Holdings' (NASDAQ: AFRM) PayBright are planning to launch a "buy now, pay later" program for Apple device purchases in Canada, according to Bloomberg, citing a message sent to employees in the region.

Companies plan to debut the initiative this month at Apple's online and physical retails stores in Canada.

Shares of Affirm spiked following the headline and were halted on a limit-up trading pause.

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