Apple Expands Payment Options With iOS 18, Offering Installment Loans From Affirm In The U.S. And Monzo Flex In The U.K., Along With Klarna's Flexible Payment Options At Checkout, And Future Plans For Installment Payments From Major Issuers Across The U.S., U.K., Australia, Singapore, Spain, And Canada
Portfolio Pulse from Benzinga Newsdesk
Apple is expanding its payment options with iOS 18, introducing installment loans from Affirm in the U.S. and Monzo Flex in the U.K., along with Klarna's flexible payment options. Apple plans to offer installment payments from major issuers in multiple countries.
October 17, 2024 | 1:06 pm
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POSITIVE IMPACT
Apple's expansion of payment options with iOS 18, including partnerships with Affirm and Klarna, enhances its ecosystem and could drive increased usage of Apple Pay.
Apple's introduction of new payment options, including installment loans, is likely to enhance the appeal of Apple Pay, potentially increasing user engagement and transaction volume. This strategic move aligns with Apple's goal to expand its financial services, which could positively impact its stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Affirm's partnership with Apple to offer installment loans in the U.S. could increase its customer base and transaction volume, potentially boosting its financial performance.
Affirm's collaboration with Apple to provide installment loans in the U.S. is a significant opportunity to tap into Apple's extensive user base. This could lead to increased transaction volumes and customer acquisition, positively impacting Affirm's financial results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80