What is Buy Now Pay Later and how Apple has decided to use it in Apple Pay

Update: 2022-06-14

Description

Buy Now Pay Later is a way for customers to buy a product through installments instead over a period of time (i.e. 4 installments every two weeks). If you want to buy an expensive item such as a grill or mattress then it might be less of a burden for you to spend that money all at once.

Note: What is Buy Now Pay Later (BNPL)?

There are many platforms offering this such as Klarna, PayPal, and Sezzle to name a few. But now Apple is getting into the mix as it plans to integrate its own BNPL option into Apple Pay.

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What is Buy Now Pay Later and how Apple has decided to use it in Apple Pay

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What is Buy Now Pay Later and how Apple has decided to use it in Apple Pay

Andres Vasquez

What is Buy Now Pay Later and how Apple has decided to use it in Apple Pay