Buy Now, Pay Later

The Rise of Buy Now, Pay Later

Tradier | |

The level of US debt recently rose above the $29 trillion level, and it won’t be long before it exceeds $30 trillion. As the US central bank prepares to increase short-term interest rates in 2022, each twenty-five-basis point hike will cost an additional $75 billion in annual debt servicing. The price tag for the future is staggering.

Apple and Goldman Sachs To Launch 'Buy Now, Pay Later' Service for Apple Pay Purchases

Kimberly Redmond | |

Apple Inc (Nasdaq: AAPL) plans to launch a service that will enable users to repay Apple Pay purchases over several installments, according to Bloomberg News.

Citing sources familiar with the matter, Bloomberg reported Tuesday that the tech giant will partner with Goldman Sachs Group (NYSE: GS) as the lender for loans issued through the new “Apple Pay Later” feature.

Sponsored Financial Content

Market Movers