OBSERVATIONS FROM THE FINTECH SNARK TANK
Apple launched its “buy now, pay later” (BNPL) service in the US to compete for the more than $100 billion in purchases Americans making using this payment method.
The service, named Apple Pay Later, will allow users to split purchases into four payments spread over six weeks with no interest or fees. Initially offered to select users, Apple plans a full roll-out in the next few months.
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