Is Apple Pay Later a Threat to BNPL Providers?

Apple’s Project Breakout finally broke out a week ago today at Apple’s WWDC. It was then that Apple confirmed what was probably one of the worst kept secrets in payments: it would enter the buy now, pay later (BNPL) space with its own product, Apple Pay Later. It didn’t take long for the media to spin into a Pay Later frenzy, with headlines suggesting that the FinTechs in the space — namely Affirm, Afterpay and Klarna — are more or less toast, that Pay Later is (Afterpay owner) Block’s and Affirm’s biggest nightmare.

Link: Is Apple Pay Later a Threat to BNPL Providers?
via http://www.pymnts.com

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