AFRM Jul 2024 42.500 call

Apple dumps 'Apple Pay Later' for new BNPL partnerships

Apple (AAPL) has announced its decision to scrap its buy now, pay later feature. The service, named "Apple Pay Later," which was launched just last fall, will now be replaced by the tech giant's new buy now, pay later partnerships with industry heavyweights Affirm (AFRM) and Citi (C), set to be unveiled in the fall of 2024. Yahoo Finance's Madison Mills breaks down the details. Catch Yahoo Finance's full interview with Affirm founder and CEO Max Levchin as part of the Opening Bid with Brian Sozzi. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith.