Apple, Goldman Sachs working on Apple Pay ‘buy now, pay later’ service

Apple is allegedly working with Goldman Sachs to provide enhanced installment payment plans to its customers without using Apple Card, in a service internally known as “Apple Pay Later.”

Apple currently provides customers with various ways to pay for goods in installments, including through Apple Card. However, the iPhone maker is apparently planning to offer a similar installment plan service for normal Apple Pay transactions.Thought to be called “Apple Pay Later,” Bloomberg reports the service will employ Goldman Sachs as a lender, but without requiring the customer to have an Apple Card. Instead, it will offer installment payment plans for typical Apple Pay transactions.

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