Payments News

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Companies

Apple Pay Later Will Max Out at $1,000 — No Buying a MacBook Pro for You!

“Apple’s upcoming buy now, pay later service will only allow people to borrow a maximum of $1,000 based on their credit rating and other factors, including their Apple ID. While Apple will run soft credit checks before allowing people to use its Apple Pay Later feature when iOS 16 ships this fall, it will reportedly also use the data […]
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Companies

Apple Officially Enters Buy Now, Pay Later Space

“The increasingly popular buy now, pay later (BNPL) flexible payment solution market has a major new player. Almost a year after media reports first circulated suggesting it was getting set to launch a BNPL solution connected to its Apple Pay digital payment service, the tech giant is releasing Apple Pay Later as part of several new […]
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Companies

Apple Leaps into BNPL Space as Affirm Stock Takes a Hit

“Apple today announced that it would join the Buy Now, Pay Later (BNPL) fray at its Worldwide Developers Conference 2022, or WWDC.   The service, called Apple Pay Later, will be available through Apple Pay, allowing consumers to pay for purchases in four equal payments over six weeks with no interest or fees.”
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Companies

Square’s Payment App Will Support Tap to Pay on iPhone Later in 2022

“Square has announced that it will bring Tap to Pay on iPhone support to its existing point of sale app, allowing users to receive contactless payments without any additional hardware.   The feature, which Apple announced in February, essentially allows users to turn an iPhone into a contactless payment terminal. Now, Square says it’s bringing […]
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Companies

Why Apple Has Acquired a UK Open Banking Fintech Firm

“With little fanfare accompanying the move, popular cryptocurrency media publication The Block reported on March 23 that US tech giant Apple had acquired Credit Kudos. The acquisition had reportedly closed earlier that week, with Credit Kudos valued at $150 million. But as of today, there remains some speculation over exactly why Apple decided to make […]
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On The Wires

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