Expedia Group names Affirm exclusive US buy now, pay later provider

Expedia Group (NASDAQ: EXPE) and Affirm (NASDAQ: AFRM) announced an expanded multi-year partnership that makes Affirm the exclusive provider of buy now, pay later installment payment methods for lodging and packages across Expedia Group's flagship brands in the United States.

The agreement covers Expedia, Hotels.com and Vrbo properties in the US, with plans to extend service to Canadian travelers on select properties in the coming weeks. Eligible travelers will receive real-time approval decisions and can choose from customized monthly payment plans up to 24 months.

In the US, eligible travelers can access 0% APR offers on three- or six-month plans. Affirm's payment structure includes no compounding interest and no late fees, with terms disclosed upfront to customers.

"By extending our partnership with Affirm in the US and soon Canada, we're giving more people the flexibility to plan their memorable adventures and choose payment options that work best for them," said Jing Yang, Vice President of Global Payments at Expedia Group.

Pat Suh, SVP of Revenue at Affirm, noted that the companies have partnered for a decade and that travelers increasingly consider payment options alongside destination choices when planning trips.

Affirm currently serves nearly 420,000 merchants globally, including Amazon, Costco, Seat Geek and REVOLVE. The company's US rates range from 0-36% APR, while Canadian rates span 0-31.99% APR subject to provincial regulations.

The partnership expansion comes as Expedia Group incorporates AI tools into trip planning and booking experiences, with payment flexibility positioned as a component of the evolving checkout process.

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