The idea of buy now and pay later can be in a class by itself. Wondering why? Randomly choose a man or a woman and ask them what one favorite they would love to own is and why they haven’t bought it yet. Their favorites may differ, but the reason why they haven’t purchased it yet would be because they do not have such a huge amount of money, or some may say they are saving for it and buying it soon. Yearning for something and unable to own it is one of the worst feelings anyone should not endeavor. So be the healer by launching a buy now and pay later app like Affirm clone with Appdupe.
What Is Affirm Clone App?
An Affirm clone app is a buy now and pay later app that allows users to buy their expensive dreams instantly and pay later in tenures to the app with absolutely no interest. Sounds interesting, right? An app that can lure any human who has dreams, ok, now who does not have dreams? That is the real question. This explicitly depicts the whopping success it could turn out to be with an addition of a pinch of marketing to it.
The Stellar Features Of Affirm Clone App
Affirm clone is a new-gen app with numerous exciting features. Let’s check on them.
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Payments Made Easy
With Affirm clone app, your users can pay at any retail stores or e-commerce stores on the go using it.
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Savings Account
You not only assist your users in spending but also make them save in the Affirm clone app.
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One-Time Virtual Card
Let your users shop wherever they go, irrespective of the shop being a partner of you or not. The app generates a one-time virtual card and aids the user to accomplish the payment instantly.
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Prequalification
Have a check on the spending capability of your user before lending them monumental amounts of money.
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Partner-Up With Vendors
As a buy now pay later business, you must partner up with various vendors and allow them to post their products and services in the app for your users to relish them with discounts and offers.
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Multiple Loans
The user has the freedom to claim more than one loan at a time and also has the freedom to repay two or more loans in a single shot, depending on their capacity.
Interested In Launching An App Like Affirm?
Connect on WhatsApp Benefits Your Users Can Claim As An Affirm Clone App User
As a user of your Affirm clone app, your user is susceptible to numerous benefits.
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Fixed Repayment Amounts
Award your users with a nominal fixed repayment amount so that they pay a very minimal amount and fall into monumental debts in the long run.
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Flexible Repayment Tenure
Offer your users various options to complete their payment at their convenience, so they don’t feel burdened.
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No Additional Charges
Be a friend to your customers and be transparent; don’t shock them with some extra charges in the end. Let them be free and happy using your app.
News From The Ground
The buy now pay later apps have been soaring high in the market in recent years. BofA predicts a 10 to 15x growth in these apps by the year 2025, which may sum upto a $650 billion to $1 trillion in transactions, making them indubitable in the market. Affirm app has also been on a surge climbing its way to the second position in the new Provider Ranking of Alternative Credit Apps.
Merchants are seen welcoming these apps with a warm hug as some of them state that getting themselves onboarded with a buy now pay later app has spiked their growth in a very short span of time. The role of the pandemic is also undeniable in the surge of these apps. Consumers are demanded to take one step at a time rather than dumping all their money into a product.
The rise of buy now and pay later apps have become inevitable in the fintech industry. It may be one of the most promising business models of the fintech industry in the recent past. Plunging into a market like this will be like fishing in a hotspot, fetching you huge amounts of profit.
Appdupe’s Efficient Affirm Clone App Development Process
Appdupe is all set for you with an Affirm clone script in hand. It is mostly about the customizations you would require to the script. Learn more about our development process.
- Client Discussion- A meeting with the client to understand their needs and objectives.
- Planning- Structuring a plan to fulfill the client’s need on time.
- Front-End Design- Creating a design that resonates with the client’s business objectives and their brand ideology.
- Back-End Development- Building a robust app with exciting features focused on the target audience.
- Testing- A stringent test on all development levels to create a bug-free app.
- Deployment- Showcase the client the working model, and on a yes from them, it is made live in Android and iOS stores.
Final Thoughts
We have already had a drone view on the market of a buy now, pay later app, and it’s the rise in the coming years, and all of them smell like success. We have also shared our efficient development process that allows you to launch your Affirm clone app in a wink. The call is yours now; you either kick-start your boat now and fish a lot or wait and miss huge profits. Give us a call, let’s kick-start your buy now, pay later app.
Join Hands With Our Team To Launch Affirm Clone
Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.
