Apple reportedly wants to handle more financial services in-house | Engadget

Apple reportedly wants to handle more financial services in-house

or other known financial products. The first product to rely on the payment processing would supposedly be a service nicknamed"Apple Pay Later" that lets you pay off devices in either four interest-free instalments or monthly instalments with interest.

Apple has already declined comment. This isn't the first time in recent weeks that the company was said to be shaking up its business models, though. A previous rumor also suggested Apple was planning aThe greater responsibility could prove a challenge. Apple has"faced some hurdles" developing the payment processing tech,said. However, the company has multiple incentives to take more control of financial services.

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