Here's How Apple's ‘Buy Now, Pay Later’ Service Will Work

The video discusses Apple's new Apple Pay Later service, which offers two payment options: interest-free installments and monthly installments with interest. It compares Apple Pay Later to competitors like Affirm and PayPal, highlighting the seamless integration with existing Apple Pay services. The video also explores Apple's market strategy, potential antitrust issues, and the growth of Apple Pay as a significant revenue stream. Future developments include a feature for small businesses to receive payments via Apple Pay.

What are the two options available under the Apple Pay Later program?

How does the Apple Pay in four option work?

What is the significance of the interest charged in the Apple Pay monthly installments program?

How does Apple Pay aim to compete with other services like Affirm and PayPal?

What potential concerns are raised regarding the Apple Pay Later service?