Reported 8 months ago
During WWDC 2022, Apple announced the delayed 'Apple Pay Later' service, which is set to launch in 2023, revealing adjustments partnering with US fintech startup Affirm for loan services or collaborating with other financial institutions for installment payment services. The changes involve allowing users to choose payment methods when using Apple Pay, discontinuing Apple's original 'Apple Pay Later' service. Other adjustments include collaborations with Discover Financial and Synchrony Financial for credit card rewards in the US, ANZ in Australia for installment payments, CaixaBank in Spain, HSBC and Monzo in the UK, and Citi Bank, Synchrony Financial, and Fiserv in the US for installment payment services. Apple aims to provide more flexible payment options, maintaining user flexibility while avoiding financial complexities, possibly linked to recent reports of a strained Apple-Goldman Sachs relationship and controversies surrounding 'Buy Now, Pay Later' services.
Source: YAHOO