According to reports, Apple announced at the Global Developer Conference (WWDC) on Monday, local time, and announced the launch of the function of buying first -after payment, called Apple Pay Later, which will be built into the Apple Pay and will be available with the iOS 16 system. Under the environment of rising interest rates, inflation out of control, and consumption frozen, Apple’s move constitutes greater challenges to financial technology companies such as KLARNA and AFFIRM.
With the APPLE Pay Later service, American Apple users can purchase goods in 4 weeks without paying any interest or fees. This system will be realized in any online store and physical retail stores that support Apple Pay.