Strong Demand for Buy Now, Pay Later Drives Higher Volume and Improving Margins
Morningstar equity analyst Michael Miller discusses how strong demand for Buy Now, Pay Later (BNPL) services is leading to higher transaction volumes and improving margins for companies like Affirm. The article highlights Affirm's effective strategy of expanding merchant partnerships, which has resulted in accelerating growth in transaction volume and merchant numbers. Despite expectations for eventual growth deceleration, Affirm is projected to maintain a significant growth trajectory over the next five years.
https://www.morningstar.com/company-reports/1481207-strong-demand-for-buy-now-pay-later-drives-higher-volume-and-improving-margins