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DeepNewz, mobile.
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Apple ($AAPL) is discontinuing its buy now, pay later service, Apple PayLater, based on Mastercard Installment product. The move is seen as Apple wanting to focus on being asset light and facilitating payment innovation. Apple is also settling a 'tap-and-go' payments probe with the EU and concluding a long-running EU antitrust investigation into its mobile payments system to avoid a huge fine. The decision to cancel BNPL has implications for companies like Affirm ($AFRM), which some believe could see a stock boost.
Apple Pay Later withdrawal likely because of a law passed in 1968 https://t.co/bC3EgRoTJy by @benlovejoy
Apple killed BNPL (buy now pay later). This requires a blooming work economy, not a blooming asset economy. I think it’s going to plummet further. Will layaway (aka: pay now, buy later) come back?
Apple dumps its buy now, pay later plans, and Affirm $AFRM is the big winner. A stock @MXLESQ and @BrynTalkington understand very well. @jonnajarian takes a position: He thinks this could be the boost that sends Affirm's stock back to $40? Rebel's Edge 🏴☠️1pm… https://t.co/rNCxJ1rhvc
