Affirm and Shopify bring Shop Pay Installments to Australia

Shopify merchants in Australia can now switch on Shop Pay Installments, an underwritten BNPL option with no late fees, marking Affirm's return to the Australian market. What changed Eligible Australian shoppers can split purchases into fortnightly or monthly payments with no late fees, account fees or compounding interest. Affirm underwrites each transaction with a real-time credit decision before approving a plan, and approved customers choose between interest-free and interest-bearing plans with the full repayment schedule shown before checkout. Shop Pay Installments has run in the US, Canada and the UK since 2021. Australian merchants enable it from the Shopify admin dashboard. The launch lands in a market where BNPL providers have been brought under credit licensing requirements in recent years.