Apple Pay Later is launching in September, but Big Tech's acceptance of buy now, pay later (BNPL) could raise concerns over regulations in the industry.
With the arrival of iOS 16 later this year Apple will begin to allow people to make Apple Pay payments on a buy now, pay later scheme. Payments will be stretched across six weeks, with Apple handling all financing itself. Now, analysts for GlobalData believe that Apple's entrance into the market could have its positives and negatives.