The ugly economics behind Apple’s new Pay Later system ((Emma Roth)/The Verge)

(Emma Roth) / The Verge
The ugly economics behind Apple’s new Pay Later system – Illustration by Alex Castro / The Verge Apple is getting into the buy now, pay later (BNPL) business with its new Pay Later service built into Apple Pay and Apple Wallet. While Apple bills the service as designed with users financial health in mind, BNPL is a practice that has …

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