Cards & Payments News Digests

US: Apple Pay Later delayed on preparatory challenges Apple's pay-later venture is that bit more complicated than previous incursions into consumer finance such as the Apple Card. That is because Apple itself, in the form of a standalone subsidiary called Apple Financing, will be responsible for the underwriting. With a majority of Americans now using Apple rather than Android for their mobile needs, the volume of lending decisions in the world's most valuable consumer-finance market could be simply enormous – which may explain why Apple Pay Later may well arrive next year rather than this, with "technical... Read more >