What you need to know
- Apple and Affirm are partnering up to offer financing options to Apple Store customers in Canada.
- The service will launch on August 11 and offer customers 12 or 24-month financing options.
- Apple is still working on its own service called 'Apple Pay Later.'
Apple Pay Later is kind of here, but it's actually going to be something different in Canada...for now.
As reported by Bloomberg, Apple and Affirm's PayBright are partnering up to launch a new "buy now, pay later" program in Canada. The company stated in a memo to employees that, with the new service, customers will be able to finance purchases between 12 and 24 months.
According to the communication to staff, the program is set to launch on August 11.
Apple already offers a "buy now, pay later" service with its Apple Card credit card, but the company's credit card is still only available in the United States. It appears that rather than launching Apple Card in Canada, partnering with an existing service in the country was an easier way to bring more financing options to customers there. This isn't to say that Apple Card coming to Canada is dead, but it does hint that it could take longer than anyone would like.
According to the report, Apple's partnership with Affirm is not the 'Apple Pay Later' service that was rumored last month. Bloomberg says that the service is still being developed and is planned to launch at some point in the future.
Regardless of the way financing options come to Apple Store customers, it's good to see that it is an option. If Apple is open to working with local financing services, it could mean that financing options are coming to even more countries through additional partnerships.
Master your iPhone in minutes
iMore offers spot-on advice and guidance from our team of experts, with decades of Apple device experience to lean on. Learn more with iMore!
Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.