A person takes a photo of an Apple logo before an announcement of new products on June 5, 2017. Photo: AP
A person takes a photo of an Apple logo before an announcement of new products on June 5, 2017. Photo: AP
Apple

Apple to handle lending itself for new Pay Later service, but keeps partnership with Goldman Sachs for credit card

  • The new Apple Financing business will oversee credit checks and make decisions on loans for Apple Pay Later, a service unveiled this week
  • Bringing some financial services in-house could allow the iPhone maker to collect more revenue, but it has no plans to end banking partnerships for Apple Pay

A person takes a photo of an Apple logo before an announcement of new products on June 5, 2017. Photo: AP
A person takes a photo of an Apple logo before an announcement of new products on June 5, 2017. Photo: AP
READ FULL ARTICLE