Peter Galvin’s Post

What's New to The Street... 🚨 Breaking News: Apple is shutting down its Buy Now, Pay Later service, just over a year after introducing Apple Pay Later. 📱💳 What do you think this means for the future of digital payments? Share your thoughts below! 💬👇 👉🏻Follow New To The Street for more! #AppleNews #DigitalPayments #FinTech #ApplePayLater #ConsumerFinance #businessnews #business #news #newtothestreet

What's New to The Street... 🚨 Breaking News: Apple is shutting down its Buy Now, Pay Later service, just over a year after introducing Apple Pay Later. 📱💳 What do you think this means for the future of digital payments? Share your thoughts below! 💬👇 👉🏻Follow New To The Street for more! #AppleNews #DigitalPayments #FinTech #ApplePayLater #ConsumerFinance #businessnews #business #news #newtothestreet

Have you heard? Apple Pay is set to introduce Buy Now, Pay Later and Tap to Cash functionalities. Learn more about how this will enhance your payment experience! #ApplePay

#Apple has announced that it will discontinue its Apple Pay Later program. This means that: ⛳ BNPL is now a fixed part of the payments landscape  ⛳ Having BNPL is necessary for payment methods to compete for wallet share ⛳ 3rd-Party #BNPL is a long term competitor for financial institutions Check out this blog post by Pat Scherz, equipifi's CXO, and see how financial institutions can address these changes in the payments landscape. Read here: https://lnkd.in/gPwWTnrC #applepay #applepaylater #financialinstitutions #buynowpaylater #creditunions

I'm getting a lot of questions about Apple deciding to sunset Apple Pay Later. This blog should help clear things up, but we'll also learn more in the coming months!

Here's some interesting (Apple) news... Apple is opening Apple Pay to other BNPL providers (in the US). They've announced that Affirm will be an option as well as credit and debit cards that provide installments issued by Citi, Synchrony and Fiserv powered issuers. Is this Apple backing off because... - cost of financing Apple Pay Later isn't worth it? - Apple realizes it can't manage credit risk? - Apple doing some A/B testing...pushing higher risk customers to other originators? - Regulatory pressure? - Combination of some/all?! #apple #bnpl #payments #credit #fintech #applepay Link in comments 👇🏻

The way people make payments has changed dramatically in the fast-paced digital world. With the advancement of mobile technology, mobile payment solutions have become an essential aspect of daily life. Apple Pay has emerged as a dominating player among these alternatives, altering the way people conduct transactions. Let’s delve into Apple Pay's role in the financial services business. #payments #apple #digital #nfctechnology

Exclusivity works for only those segments where the customer inflow is immense and will remain so. However, the finance market is not that way. With new fintech coming up and the latest product releases, customers are looking for ease across transactions like never before. The shutting down of Apple Pay Later is proof of the same. It’s one thing to integrate your available products/services into the existing ecosystems. In contrast, it’s a totally different ball game to create your own entity from the ground up. Apple Pay Later, in its bid to create a unique product available only where Apple Pay was accepted, faced issues due to the same process. Now that Apple Pay Later is shutting down, we can look forward to a more merchant+customer convenient product in the form of BNPL-as-a-service. Teaming up with banks will allow Apple to offer more choices within the Apple Pay and Wallet ecosystem. This means you'll have a wider range of plans to choose from, potentially even at more stores! Plus, Affirm is becoming a built-in option within Apple Wallet, making it even easier to manage your purchases. Waiting to see what these exciting collaborations bring to the customers! #Apple #Banking #BNPLasaService https://lnkd.in/d7j8ZY2j 

Apple is reshaping the financial landscape! It recently acquired Credit Kudos, an open banking startup in the UK – a testament to its ambitious drive into financial services. Imagine this, an Apple Card in the UK, and eventually, Europe. And how about a Buy Now, Apple Pay Later option? Not to mention, Apple is breaking into POS payments, eliminating the need for additional hardware. It's as if we're looking at the birth of Apple Finance – your one-stop-shop for financial necessities, courtesy of Apple, not a bank!