Apple partners Affirm Holdings to launch Canadian BNPL service
Apple is continuing its interest in a buy now, pay later (BNPL) solution, teaming up with Affirm Holdings to launch a pilot programme in Canada.
Apple is exploring greater BNPL options
According to Bloomberg, the two companies plan to debut the new system in August across Apple online and physical retail stores.
The new service will allow users of iPhones, iPads, and Macs to pay for their purchases over 12 or 24 months.
A note sent to staff, seen by Bloomberg, reads Apple will offer the programme interest-free to start with, though doesn’t elaborate on when it may be introduced.
The new payments system for Canada will also support down payments made through trade-ins of a customer’s existing devices.
It comes after a report surfaced the Cupertino firm is seeking to expand its current BNPL offering – limited to purchases of its hardware – to purchases outside the Apple ecosystem.
The tech company is teaming up with financial services partner Goldman Sachs for the launch of Apple Pay Later.
Users will have the option to pay either through four interest-free payments made every two weeks, or over several months with interest.
