Hi Shelby, I think you did a great job explaining this topic. I like how you explained how the Buy Now, Pay Later service can enhance the flexibility of payment for users. I also appreciate how you mentioned that Apple would still manage the transactions of users who utilize the Buy Now, Pay Later service to ensure they can pay off any loans they might have. Your thorough explanation really helped clarify the benefits of this service.
Thanks for sharing, Shelby! The adaptive payment methods that companies have obtained are such an important emerging technology, being that online shopping is the preferred method of shopping these days. As you mentioned, covid-19 only increased the amount of online shoppers, which launched companies into acquiring different payment styles. It is super interesting to see companies such as Apple with Apple Pay who are leaning into collaboration with companies such as Clarna to deliver payment options such as buy now pay later, or even the option of installments. The change is a smart move in my opinion, because the convenience that it offers to consumers only drives their willingness to shop. I definitely think that we will see this more and more in the near future, and I would not be surprised if this option was offered in-store soon.
This video does a great job explaining why Apple ended their buy now, pay later product. It's interesting to see how market dynamics and consumer behavior influenced their decision. Understanding the reasons behind this move helps highlight the challenges tech companies face in the financial services sector. It's a fascinating look into Apple's strategic adjustments.
