Latest news with #VishalKapoor
The Hindu
18-05-2025
- Business
- The Hindu
How ceiling fans could aid in mitigating climate change?
Ceiling fans are a staple in almost every Indian home, but most of them are shockingly inefficient. In this episode of The Climate Economy, host Kunal Shankar uncovers how replacing conventional fans with energy-efficient BLDC (Brushless Direct Current) models could save up to 15% on individual electricity bills and slash India's national power demand by nearly 5%. To understand the issue better, we speak with Vishal Kapoor, CEO of Energy Efficiency Services Limited (EESL), about the massive untapped potential of fan replacement, the behavioural and market barriers holding consumers back, and how smarter policies, subsidies, and innovations like IoT-enabled fans could change the game. This episode dives into the intersection of everyday appliances, climate goals, and economic opportunity. Host: Kunal Shankar Editing: Aniket SIngh Chauhan Camera: Johan Sathyadas, Sabika Syed and Vishnoo Jotshi
National Post
30-04-2025
- Business
- National Post
Affirm Launches "AdaptAI" – its AI-Powered Promotions Platform
Article content Article content SAN FRANCISCO — Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced it is introducing 'AdaptAI,' its AI-powered promotions platform, to its merchant partners. AdaptAI has enabled Affirm to deliver personalized financial benefits – such as exclusive APR rates, special repayment terms, and immediate cash savings – directly to consumers via the Affirm App and Affirm Card. Now, merchants can deliver these same targeted, real-time promotions and credit offers, which are optimized specifically for a customer's shopping preferences, spending habits, and purchase details, at the point of purchase. Article content 'Unlike conventional credit card rewards—which are opaque, static, and subsidized by the financially vulnerable—AdaptAI dynamically matches the right benefit to the right consumer at exactly the right moment,' said Vishal Kapoor, Affirm's SVP of Product. 'Consumers no longer need to spend more, keep track of, or wait months to recoup their rewards. Now, they can immediately receive tailored, transparent value at the time of purchase. This is only made possible with Affirm's AI-powered technology and real-time underwriting, and builds on what we do best: delivering customized payment options that help consumers take their money further.' Article content Today's consumers expect individualized experiences, especially when paying. Affirm has successfully met this need by offering payment solutions customized to each consumer's purchase and financial profile. Now, thanks to AdaptAI, Affirm's merchant partners can unlock additional value for shoppers right at checkout. Article content Each of these bespoke offers translates into tangible consumer value, such as significant savings or added flexibility. Consider a $500 purchase: A merchant using AdaptAI could offer a first-time shopper a 0% APR promotion over 12 months, potentially saving that customer about $120 in interest compared to typical revolving credit card costs. Alternatively, that same merchant could offer its most loyal customers–who Affirm knows value predictability and more time to pay–an interest-bearing offer with extended repayment terms, tied to an event such as a Memorial Day sale. For these customers, spreading a $500 purchase out over 24 months at 10% APR might better align with their budgeting preferences, despite the added cost of about $4 per month in simple interest. This AI-driven nuance can allow merchants to meaningfully reward customers based on their real-time needs, boosting customer satisfaction and loyalty, and ultimately driving greater engagement and conversion. Article content Affirm has leveraged AdaptAI across its own consumer products, including the Affirm App and Affirm Card, driving nearly 10% incremental improvements in conversion rates. Building on this proven success, Affirm is now making this powerful AI-powered promotions platform broadly available for its merchant partners. Article content Merchants interested in offering these tailored benefits to their customers can get in touch here. Article content About Affirm Affirm's mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency, and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X. Article content Rates from 0–36% APR. For example, a $800 purchase might cost $72.21/mo over 12 months at 15% APR. Payment options through Affirm are subject to an eligibility check, may not be available everywhere, and are provided by these lending partners: Options depend on your purchase amount, and a down payment may be required. CA residents: Loans by Affirm Loan Services, LLC are made or arranged pursuant to a California Financing Law license. For licenses and disclosures, see Article content Article content Article content Article content Article content Article content
Yahoo
30-04-2025
- Business
- Yahoo
Affirm Launches "AdaptAI" – its AI-Powered Promotions Platform
Retailers can now introduce personalized, real-time financial benefits, on top of Affirm's flexible pay-over-time plans, to customers at the point of purchase SAN FRANCISCO, April 30, 2025--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced it is introducing "AdaptAI," its AI-powered promotions platform, to its merchant partners. AdaptAI has enabled Affirm to deliver personalized financial benefits – such as exclusive APR rates, special repayment terms, and immediate cash savings – directly to consumers via the Affirm App and Affirm Card. Now, merchants can deliver these same targeted, real-time promotions and credit offers, which are optimized specifically for a customer's shopping preferences, spending habits, and purchase details, at the point of purchase. "Unlike conventional credit card rewards—which are opaque, static, and subsidized by the financially vulnerable—AdaptAI dynamically matches the right benefit to the right consumer at exactly the right moment," said Vishal Kapoor, Affirm's SVP of Product. "Consumers no longer need to spend more, keep track of, or wait months to recoup their rewards. Now, they can immediately receive tailored, transparent value at the time of purchase. This is only made possible with Affirm's AI-powered technology and real-time underwriting, and builds on what we do best: delivering customized payment options that help consumers take their money further." Today's consumers expect individualized experiences, especially when paying. Affirm has successfully met this need by offering payment solutions customized to each consumer's purchase and financial profile. Now, thanks to AdaptAI, Affirm's merchant partners can unlock additional value for shoppers right at checkout. Each of these bespoke offers translates into tangible consumer value, such as significant savings or added flexibility. Consider a $500 purchase: A merchant using AdaptAI could offer a first-time shopper a 0% APR promotion over 12 months, potentially saving that customer about $120 in interest compared to typical revolving credit card costs. Alternatively, that same merchant could offer its most loyal customers–who Affirm knows value predictability and more time to pay–an interest-bearing offer with extended repayment terms, tied to an event such as a Memorial Day sale. For these customers, spreading a $500 purchase out over 24 months at 10% APR might better align with their budgeting preferences, despite the added cost of about $4 per month in simple interest. This AI-driven nuance can allow merchants to meaningfully reward customers based on their real-time needs, boosting customer satisfaction and loyalty, and ultimately driving greater engagement and conversion. Affirm has leveraged AdaptAI across its own consumer products, including the Affirm App and Affirm Card, driving nearly 10% incremental improvements in conversion rates. Building on this proven success, Affirm is now making this powerful AI-powered promotions platform broadly available for its merchant partners. Merchants interested in offering these tailored benefits to their customers can get in touch here. About AffirmAffirm's mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency, and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X. Rates from 0–36% APR. For example, a $800 purchase might cost $72.21/mo over 12 months at 15% APR. Payment options through Affirm are subject to an eligibility check, may not be available everywhere, and are provided by these lending partners: Options depend on your purchase amount, and a down payment may be required. CA residents: Loans by Affirm Loan Services, LLC are made or arranged pursuant to a California Financing Law license. For licenses and disclosures, see AFRM-PR View source version on Contacts Press Contact: AffirmAndrea Hackettpress@ Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Stride Bank Announces Program Partnership with Affirm
TULSA, Okla., April 01, 2025--(BUSINESS WIRE)--Stride Bank, N.A., a nationally recognized leader in community banking and innovative payment solutions, today announced a payments program partnership with Affirm Holdings, Inc. (NASDAQ: AFRM) through which it will become a new card issuing partner for the Affirm CardTM, a debit card that enables consumers to pay in full or request to pay over time for eligible purchases in the Affirm app. "We are thrilled to collaborate with Affirm and become a new card issuer for the Affirm Card," said Jimmy Stallings, President of Stride Bank's Payments Group. "This relationship aligns perfectly with our desire to provide innovative and accessible financial solutions. We look forward to working with Affirm to support their efforts to provide products that are loved by millions of consumers." This collaboration marks a significant milestone for Stride Bank as it continues to expand its payments programs with leading financial technology companies. By serving as a card issuer on the Affirm Card, Stride Bank will help support the growing demand for Affirm's flexible and transparent payment options. "We are pleased to welcome Stride Bank as another card issuing partner bank on the Affirm Card as we continue to extend our reach to more consumers and merchants," said Vishal Kapoor, Affirm's SVP of Product. "Consumers love the Affirm Card because it works virtually everywhere, in-store or online, and anywhere Visa is accepted. Adding Stride Bank as a card issuing partner will help enable us to continue scaling Affirm Card while further strengthening and diversifying our platform so that we can improve millions more lives." With 1.7 million active cardholders as of December 31, 2024, the Affirm Card empowers consumers to take greater control over their finances, providing the simplicity of debit combined with the ability to apply and convert eligible purchases into pay-over-time loans in the Affirm app. These cardholders benefit from being part of Affirm's powerful network, which includes 21 million active consumers and more than 330,000 integrated merchants. The Affirm Card will continue to offer consumers the ability to pay in full or apply to split eligible purchases into manageable payments, with no hidden fees or gotchas. With the Affirm Card, there is no ability to revolve. Any interest is fixed with no ability to compound into principal. About Stride Bank Founded in 1913, Stride Bank, N.A. has built a steadfast legacy of trust and stability, with over a century dedicated to community banking excellence. In addition to offering a full suite of traditional financial products and services, Stride is also a leading card issuer, recognized for supporting some of the nation's largest and most innovative programs. Member FDIC. Equal Housing Lender. Discover more at About Affirm Affirm's mission is to deliver honest financial products that improve lives. By building a new kind of payment network – one based on trust, transparency and putting people first – we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X. Payment options through Affirm are subject to eligibility, and are provided by these lending partners: CA residents: Loans by Affirm Loan Services, LLC are made or arranged pursuant to California Finance Law license 60DBO-111681. The Affirm Card™ is a Visa® debit card issued by Evolve Bank & Trust or Stride Bank, N.A., Members FDIC, pursuant to licenses from Visa U.S.A. Inc View source version on Contacts Stride Bank: Marketing@ Affirm: Investor Relationsir@ Mediapress@ Sign in to access your portfolio
