Visa expands flexible spending option with Affirm in the U.S., Liv in UAE

Visa (NYSE:V) is expanding its Flexible Credential card, which allows consumers to pay from different account funding sources on a single card, to the U.S. and the United Arab Emirates, the company said on Tuesday.

Flexible Credential gives consumers the ability to pay via debit, credit, prepaid, or other funding sources through a single card.

In the U.S., Visa’s (NYSE:V) Flexible Credential is expanding with the Affirm (NASDAQ:AFRM) card. In the United Arab Emirates, it’s expanding with Liv, the digital bank launched by Emirates NBD.

The Affirm Card offers the ability to pay in full now anywhere Visa is accepted, or request to pay over time in the Affirm app.

For Liv customers, Flexible Credential will make spending in different currencies more transparent, Visa (NYSE:V) said. It will automatically route the transaction to the account with the appropriate transaction currency when the user pays online or in-store. Using a mobile app, cardholders can move money between local and foreign currency accounts, ensuring they have the funds to make a purchase.

Sumitomo Mitsui (SMFG) Card Company first offered Flexible Credential about a year ago with its Olive account. Since then, about 70% of Olive account holders are flexing between different account funding sources, like debit, credit, and prepaid.

In Tuesday premarket trading, Visa (V) stock edged down 0.1%, Affirm Holdings (NASDAQ:AFRM) slid 3.5%.