Overview As the desire of people to buy the latest and the best in class products increase, “buy now pay later” payment model is becoming more and more popular among consumers. In a time like this, the Canadian multinational e-commerce company Shopify has decided to launch a new feature that is going to allow the sellers on their platform to let their customers shop through installment plans. To provide the customers with buy now pay later Shopify plans, the multinational company has joined hands with the popular buy now pay later platform Affirm through an exclusive partnership in the US. The Canada based e-commerce company has assured that all of its users will be able to use the buy now pay later Shopify plans when they turn to the Shopify payments section. This announcement is done after Shopify ran a test last year with a selected number of clients. The company reportedly saw close to 30% drop in abandoned carts. In one of the quarters, the sellers saw an increase of 50% in ...