Apple Pay Later financing isn't being handled by a bank...but by Apple
In-house Apple subsidiary will handle new Pay Later services.
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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.