{"id":1470793,"date":"2024-06-11T19:25:00","date_gmt":"2024-06-11T23:25:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1470793"},"modified":"2024-06-11T19:25:00","modified_gmt":"2024-06-11T23:25:00","slug":"buy-now-pay-later-craze-coming-to-apple-pay","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/buy-now-pay-later-craze-coming-to-apple-pay\/1470793\/","title":{"rendered":"Buy Now, Pay Later Craze Coming To Apple Pay"},"content":{"rendered":"

Buy Now, Pay Later Craze Coming To Apple Pay<\/span><\/p>\n

\n

Apple’s Worldwide Developers Conference kicked off on Monday and was widely disappointing. What wasn’t\u00a0disappointing was\u00a0Elon Musk’s threat to ban<\/a> Apple devices from his companies following Apple’s announcement of a partnership with ChatGPT-maker OpenAI.<\/p>\n

In other Apple news,\u00a0iPhones and iPads will soon be integrated with Affirm’s buy now, pay later feature. This product will soon be available for Apple Pay users.<\/p>\n

<\/a><\/p>\n

First appearing in Affirm’s 8-k filing on Tuesday morning, new “payment products are expected to be available to Apple Pay users in the United States later this year.”\u00a0<\/p>\n

“This will enable those users checking out online or in-app with Apple Pay on iPhone and iPad to be able to apply to pay over time with Affirm,” the\u00a0fintech company wrote in the filing.\u00a0<\/p>\n

<\/a><\/p>\n

It noted, “Affirm does not expect this partnership to have a material impact on revenue or gross merchandise volume in fiscal year 2025.”\u00a0<\/p>\n

Mizuho Securities analyst Dan Dolev wrote in a note to clients, “The news is a big positive for AFRM, especially since the stock traded down several times in the past when Apple announced its entry into BNPL.”\u00a0<\/p>\n

Shares of Affirm are up nearly 6% in the first hour of the US cash session.<\/p>\n

<\/a><\/p>\n

In recent years, we’ve outlined the explosion in BNPL\u00a0use among consumers.<\/p>\n

Bloomberg data featuring “BNPL” headlines in corporate media has rocketed higher since the onset of Covid, signifying the payment method first became popular in early 2020.<\/p>\n

<\/a><\/p>\n

Meanwhile, the Bank for International Settlements has warned<\/a> that BNPL adoption is high among young adults,\u00a0particularly those with low education. The report said this is a troubling trend, given\u00a0that overuse and poor understanding of the service can be\u00a0disastrous for consumers and lead to overindebtedness.\u00a0<\/p>\n

Why Apple is only now deciding to embed BNPL into Apple Pay may reflect a recent theme Goldman has pushed out about a struggling consumer<\/a>.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 06\/11\/2024 – 15:25<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/technology\/buy-now-pay-later-craze-coming-apple-pay<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Buy Now, Pay Later Craze Coming To Apple Pay Apple’s Worldwide Developers Conference kicked off on Monday and was widely disappointing. What wasn’t\u00a0disappointing was\u00a0Elon Musk’s…<\/p>\n","protected":false},"author":0,"featured_media":1470794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1470793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6aCt","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/06\/2024-06-11_10-35-30-cSfXLL.png","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1470793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1470793"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1470793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1470794"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1470793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1470793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1470793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}