Shopify has announced a partnership with the fintech company Affirm, aiming to accelerate the global expansion of its secure and efficient Shop Pay installment payment service.
As part of this collaboration, Shopify merchants in Canada will be the first to gain early access to the Shop Pay installment service supported by Affirm, which marks the first expansion of this installment feature beyond the United States. The goal is to enhance the overall shopping experience for consumers.
In addition, Shopify plans to fully launch the Shop Pay Installments service in Canada and the UK by 2025 and further enable cross-border payment functionality between the US, Canada, and the UK. Next, the two companies also plan to expand this service to the Australian and Western European markets, with priority given to entering France, Germany, and the Netherlands.
More information about the partnership between Shopify and Affirm
As Shop Pay's installment payment service rolls out in more markets, local merchants will be able to enable this feature directly through the Shopify back-end management system. The entire process will be carried out in an efficient and secure manner, without the need for additional development or technical integration. At checkout, consumers can apply to split the payment for eligible items into bi-weekly or monthly installments. Once approved, customers can choose a personalized payment plan with an annual percentage rate (APR) as low as 0%, and there are no late fees or hidden charges.
Shopify stated that the collaboration with Affirm will help it accelerate its global market expansion, providing customers with a flexible "buy now, pay later" payment experience and enhancing merchants' conversion rates. Shopify and Affirm will continue to pay close attention to customers' needs and preferences, respond quickly to the changing market, and strictly abide by local industry laws and regulations to ensure compliance.
This announcement also builds on the expanded cooperation between the two parties in February 2025. Under the previous agreement, Affirm became the exclusive payment provider for Shop Pay Installments in the United States and will take on the same role in Canada. The cooperation agreement also includes plans for future expansion in other international markets, with the United Kingdom remaining a key market for Shopify's future growth.