Payment network Affirm announced on Thursday an expanded global agreement with Shopify to be the exclusive pay-over-time provider for Shop Pay Installments in the U.S., extending the agreement to Canada. 

This renewed multi-year partnership also sets the stage for further global expansion, including plans to enter the UK.

Over the coming months, eligible Shopify merchants in Canada will be able to seamlessly integrate Shop Pay Installments powered by Affirm at checkout. Customers will have the flexibility to choose from biweekly and monthly payment plans.

“Given the success of our long-standing partnership with Affirm in the U.S., bringing them to our merchants internationally is a no brainer,” said Kaz Nejatian, COO of Shopify. 

“Affirm’s premier technology, world-class team, and commitment to transparency make them a natural fit to continue supporting merchants in the Shopify ecosystem, and we look forward to bringing this same value to our merchants in Canada, the U.K., and beyond.”

Since its launch in 2021, Shop Pay Installments has seen rapid adoption, with millions of consumers using the payment option across Shopify’s extensive merchant network in the U.S. 

“Five years ago, Shopify and Affirm teamed up to create a bespoke payment solution that helps all kinds of businesses thrive by giving their customers more choice and flexibility,” added Max Levchin, founder and CEO of Affirm. 

“Since then, millions of consumers in the U.S. have relied on the value Shop Pay Installments offers, and we’ve heard from merchants all over the world who are clamoring for the growth potential it provides. We’re excited to deliver on that promise and continue our international expansion.”