Apple announced on Monday that BNPL financing will be available through Apple Pay. When Jameil Joseph goes to check out his online shopping basket, he frequently selects the “buy now, pay later” option. Apple is the latest company to enter the market, announcing on Monday that it will offer financing options for purchases made via Apple Pay. The new service, Apple Pay Later, will be available in the U.S. in the fall. These buy-now-pay-later schemes have found particular success with young consumers, allowing them to access these loans with very few barriers.

Source: CBC News June 09, 2022 05:28 UTC