Apple to drive iPhone users towards buy now, pay later loans

Apple will allow iPhone users to access buy now, pay later-style loans from ANZ directly from Apple Pay – and is open to adding Afterpay and Zip to its popular digital wallet – as the global technology giant deepens its financial services capabilities in Australia.

Apple said on Tuesday that ANZ was among a handful of global banks expanding services inside Apple Pay, by integrating its credit card instalment payment plans. ANZ was the first Australian bank to let its customers make card payments directly from iPhones in 2016, forcing the other major lenders to respond.