Affirm, which pioneered the buy now, pay later business (BNPL), has partnered with FIS in a deal that will allow the fintech company to offer the pay-over-time service to its banking clients and their millions of individual customers.

JACKSONVILLE, Fla. - FIS (NYSE: FIS), a prominent financial technology provider, has announced a strategic partnership with payment network Affirm (NASDAQ: AFRM) to integrate a pay-over-time solution into FIS's debit card offerings for bank clients.

This program offers a substantial opportunity for financial institutions to provide a sought-after pay-over-time solution to the millions of U.S. consumers who have a debit card. By integrating Affirm's offering into banking products,