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Published 1 year ago

Apple launches a pay later service

Summary by Ground News
Apple Pay users can split purchases into four payments with zero interest and no fees. The loans will range from $50 to $1,000. Users will have to connect a debit card for the repayments, as credit cards will not be allowed for repayment on Apple Pay Later. Some experts and economists worry that those types of services could encourage shoppers to take on unnecessary debt.

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