VGT - Apple Revises Payment Options Reportedly Ends 'Buy Now Pay Later' Service | Benzinga
In a major pivot within its financial services offerings, Apple Inc. (NASDAQ:AAPL) will reportedly discontinue its “buy now, pay later” (BNPL) service in the U.S., coinciding with the introduction of a new loan program.
This adjustment is set to redefine how Apple integrates financial solutions into its ecosystem.
The new program, set to launch later this year, will allow users to utilize installment loans through various payment methods including credit and debit cards, directly through Apple Pay, reported Reuters.
Apple emphasized that while the BNPL service, known as Apple Pay Later, will be phased out, existing customers with open ...