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Apple announces new buy now, pay later feature via Apple Pay

Tech giant Apple is jumping into the buy now, pay later (BNPL) fray via a new Apple Pay feature. The feature, dubbed Apple Pay Later, will mirror similar services, with zero interest or fees, with payments being made in four equal increments. Such payments can be issued to merchants that accept Apple Pay. The announcement was made during the first day of Apple’s developer-focused event on Monday. As The Block previously reported, a growing number of financial technology firms have …

Apple holds internal high-level presentation on AR-VR headset: Bloomberg

Apple could be months away from launching a headset that combines VR and AR, after presenting a version of the device to its board last week, according to Bloomberg. Unnamed sources told the publication that the tech giant has also been developing an operating system (dubbed rOS) to go with the mixed reality headset.  Per Bloomberg, the company wants to unveil the headset as early as the end of this year or sometime next year and get it to consumers …

Apple acquires UK open banking startup Credit Kudos

Credit Kudos, a UK open banking startup that helps lenders make better decisions, has been acquired by US tech giant Apple. The deal closed earlier this week, according to three people close to the deal. One source said it valued the startup at about $150 million, a significant uplift in valuation. A link labeled ‘Website Terms of Use’ on the Credit Kudos website currently leads to a page outlining Apple’s terms of use. Both Credit Kudos and Apple were contacted for …