Apple to use its own balance sheet to fund pay-later loans

Apple announced the pay-later service this week, offering to split purchases up into four equal payments over six weeks. The service will launch later this year along with Apple's latest operating systems for iPhones and iPads and will put it into competition with existing buy-now, pay-later firms such as Affirm Holdings Inc and Block Inc's Afterpay.

from Gadgets Now https://ift.tt/TnrC0Dx