Friday, 24 March, 2023

iPhone maker launches "Apple Pay later"

<p>Apple INC launched &quot;Apple Pay later&quot; by which users can pay for purchases in four weekly installments recurring every two weeks. The service was launched under a new subsidiary Apple Financing LLP and instead of getting a bank charter, Apple decided to partner with Goldman Sachs and MasterCard to handle the payment. The Pay later service has ruffled the fintech sector which will lose a major chunk of its potential market to Apple</p>