Apple’s move into Buy Now Pay Later is likely to attract regulators

Apple Pay Later, a Buy Now Pay Later (BNPL) option for customers shopping with a retailer that accepts Apple Pay, was announced Tuesday. Using the service, Apple customers can take out short-term loans with Apple of between $50 and $1,000, which must be paid back in four installments over the course of six weeks. Finance experts say Apple Pay Later is likely to attract regulators.
Apple Pay Later allows users to split the cost of an Apple Pay purchase into four equal payments spread over six wee