Apple rolls out new Buy Now, Pay Later option in U.S.
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Apple (NASDAQ:AAPL) officially released its Buy Now, Pay Later service in the U.S. to let users make purchases and pay for them over time with no fees and no interest, the tech giant said in a Tuesday release.

The solution, called Apple Pay Later, was initially planned to be released in September 2022 as part of iOS 16, before technical challenges delayed the launch.
From Tuesday, Apple (AAPL) will start inviting select users to access a pre-release version of Apple Pay Later, with plans to offer it to all eligible users in the months ahead, the company said.
Users can apply for Apple Pay Later loans of $50 to $1,000, which can be managed in Apple Wallet and used for both online and in-app purchases with merchants that accept Apple Pay.
The news put downward pressure on shares of companies that also offer BNPL solutions, including Affirm (AFRM), -5.1%, PayPal (PYPL), -1%, and Block (SQ), owner of BNPL platform Afterpay, -0.1%.
Earlier, Barclays said that Apple's (AAPL) advertising push provides risks but "big potential rewards."