Affirm AFRM stock is in the news Tuesday after the point-of-sale payment solution company announced its services are coming to Apple AAPL Pay later this year.

This will allow users of Apple Pay to take out buy now, pay later loans with Affirm when making purchases. This opens up longer-term payment options for loans compared to whats already available through Apple Pay.

News of the addition of Affirm to Apple Pay shows the strength of the companys services. Mizuho Securities analyst Dan Dolev highlights this when discussing Apple adding the service to Pay in a note obtained by CNBC.

What This Means for AFRM Stock Today

News of Affirm partnering with Apple for its buy now, pay later loans brings heavy trading to the shares today. This has more than 11 million shares of AFRM stock changing hands as of this writing. Thats almost double the companys daily average trading volume of about 5.9 million shares.

AFRM stock is up 4.2% as of Tuesday morning. However, the shares are still down 31.9% since the start of the year.

There are plenty more stock market stories that traders are going to want to read about today below!

We have all of the hottest stock market news that investors will want to know about on Tuesday. That includes whats happening with Airship AI AISP, Tesla TSLA and Trio Petroleum TPET stock today. All of that info is ready to go at the following links!

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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