Apple’s entry into BNPL will attract more financial institutions and merchants.
There have been numerous discussions about whether Apple Pay Later is a threat to major BNPL providers. The truth is that this payment solution will not shake up the industry as much as the other providers might fear. This is because it is limited to Apple Pay users.
Make no mistake, the arrival of Apple Pay Later is an important development and can create a chain reaction in the industry, as it is proof that BNPL has taken root in the market. Therefore, we can anticipate more banks, lenders, and merchants entering the space in a quest to stand out from the competition.
Read the full article in VentureBeat.
