Apple Launches BNPL Product: Apple Pay Later

Update: Apple is joining the parade of competitors in the more and more crowded “Buy Now, Pay Later” space, with its version of “pay in four,” called Apple Pay Later. USA Today excerpt from long Apple release. Our latest PIRG report, “The Hidden Costs of Buy Now, Pay Later,” concludes with this warning: 

“the vast data collection and monetization engines run by Big Tech firms are designed to fuel an explosion of buying and an increase in consumer debt for stuff we don’t need and can’t afford and, too often, end up throwing away.”