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The Afterpay share price just had its worst day since February 2021. Here's why


The
Afterpay Ltd (ASX: APT) share price just had its worst day since February 2021, falling by around 9.6%.
Afterpay wasn’t the only one that suffered a big sell off on Wednesday. The
Zip Co Ltd (ASX: Z1P) share price also declined by around 11.4%. The
Sezzle Inc (ASX: SZL) share price fell a little less than that, dropping by approximately 10.3%.
Apple Pay Later
It is being reported by Bloomberg that Apple and Goldman Sachs are planning to launch a buy now, pay later service that could be a rival to operators like Affirm as well as Afterpay.
Bloomberg said that Apple is working on a service that is internally known as Apple Pay Later. It will mean that consumers can use Apple Pay for any purchase in instalments over a certain amount of time. ....

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Apple partners Goldman Sachs for BNPL play


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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Apple partners Goldman Sachs for BNPL play - Bloomberg
12 hours ago
11
Apple is working with Goldman Sachs to develop a buy now, pay later service that lets customers pay for their Apple Pay purchases in instalments, according to Bloomberg.
Dubbed Apple Pay Later, the service will use Goldman Sachs as the lender to cover the instalments, says Bloomberg, citing sources.
The BNPL play will be available for all Apple Pay purchases made with any card and not just linked to the Apple Card, for which Goldman is also a partner. ....

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Apple, PayPal signal growing interest in crypto

Apple and PayPal hinted at future plans for crypto payments, but concerns surrounding regulations and crypto’s volatility could dampen development. ....

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Apple and PayPal Hint at Growing Crypto Capabilities


But concerns surrounding regulations and crypto s volatility could dampen development.
Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client.
PayPal and Apple have hinted at future plans to expand crypto capabilities:
Apple, PayPal signal growing interest in crypto.
Insider Intelligence
An Apple job posting suggests the company may be ready to move into crypto. Apple
posted an opening for a business development role that will strike partnerships with
alternative payment providers. The role requires experience with digital wallets; fast payments; buy now, pay later (BNPL); and cryptos, and the employee will work with the Apple Pay and iPhone Wallet app team, suggesting Apple wants to add crypto payments to its mobile wallet. ....

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