Apple created a subsidiary to handle Pay Later loans (Igor Bonifacic/Engadget)

Igor Bonifacic / Engadget
Apple created a subsidiary to handle Pay Later loans – When its Pay Later service launches alongside iOS 16 later this year, Apple plans to handle lending decisions on its own. According toBloomberg, the tech giant has established a subsidiary called Apple Financing to conduct credit checks and customer approvals. The new firm will operate separately from Apple, but it …

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