Apple adds another buy now pay later service to Pay

Apple Pay now offers Klarna as an option during the payment process. The addition of the Buy Now Pay Later (BNPL) service comes just months after Apple discontinued Pay Later, its own BNPL service that launched in 2023.

With Klarna, users can purchase products in four interest-free installments. Although BNPL services such as Klarna are becoming increasingly popular, surveys suggest that these services can lead to overspending.

Image: Apple

These loans are also more difficult to track because most are not reported to the credit bureaus. Earlier this year, the Consumer Financial Protection Bureau issued a rule classifying BNPL services as credit card providers and requiring them to investigate disputed purchases and issue refunds for returned products.

In addition to Klarna, Apple Pay added the BNPL service Affirm to the app in September. Klarna and Affirm are available via Apple Pay with iOS 18 and iPadOS 18.

There are a few other previously announced updates that are now also available for Apple Pay, including the ability to use the service on third-party desktop browsers like Chrome. Apple is also introducing the Tap to Provision feature, which allows you to add new cards by tapping them on the back of your iPhone.

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