Page 8 - Apple Financing News Today

In-house Apple subsidiary will handle new Pay Later services.

"Apple Financing LLC," has obtained state lending licenses and will operate independently from the main corporate entity to power the newly announced Apple Pay Later service.

A subsidiary of the company, Apple Financing LLC, will handle all of the credit checks and decision making for the new service.

Apple announces 'Pay Later' service; check here for details

Apple Pay Later service was announced at WWDC 2022. It is Apple’s Buy Now Pay Later solution that lets customers purchase a product in four installments over six weeks period.

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Apple is trying to venture further into the financial field with its Pay Later service. Learn more about the company's plans.

The tech giant is bringing lending and credit assessment in-house for the first time through Apple Financing LLC.

Apple itself will handle the lending itself for the new Apple Pay Later program, sidestepping partners, reports Bloomberg. Apple Pay Later was announced this week at the Worldwide Developer Conference and provides users in the US with a way to split the cost of an Apple Pay purchase into four equal

Apple Pay Later will let customers split up the cost of any Apple Pay transaction over four installments across six weeks.