Tech

What does Apple Pay Later mean for existing layby services?

Published

2 years ago

June 7, 2022

ticker NEWS

Apple’s Worldwide Developer Conference in California revealed the new Apple Pay Later feature to be launched in their iOS16 software

Apple Pay Later is an extension of the current Apple Pay digital wallet, which is coming to iOS devices, and will allow people to use their phones to make purchases.

The function will allow users to make a purchase immediately and pay it across four instalments.

Apple Pay Later will offer a range of different payment options. Photo: Apple

At the conference, Apple announced the technology will involve zero interest rates or late fees.

“Users can apply for Apple Pay Later when they are checking out with Apple Pay, or in Wallet.”
APPLE

The technology is not the first of its kind with services like AfterPay, Affirm, Klarna and PayPal already adopting layby models for users.

“Apple Pay Later is available everywhere Apple Pay is accepted online or in-app, using the Mastercard network,” the company says.

Since the announcement, Affirm stock levels have already dropped 3 per cent.

Other companies like AfterPay have been struggling and declining in the market for some time.

Some Twitter users are expressing concerns the technology will encourage people to overspend, while others say it will help with budgeting.

It's a good benefit for consumers who are smart enough to budget and not overspend on their money and use the service on items they can afford. 0% interest payments means I can have money going somewhere else.
— justin – the average rage tweeter (@Jj_scoobs) June 7, 2022

The new iOS16 technology also sees a number of other features including the eradication of messages and photo album sharing.

Amanda Gunn contributed to this report

News

Portal between countries shut down after international flashing

Published

2 days ago

May 17, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

Leaders

Is cloud technology the solution for every organisation’s needs?

Published

3 days ago

May 16, 2024

Nathan Langridge

Amidst the dominance of cloud technologies in the tech landscape, questions are rising over applicability and its cost implications.

As businesses increasingly migrate to cloud technologies, skepticism is brewing over whether it’s the optimal solution for every organisational need.

Additionally, the notion of “free” cloud services is being challenged, highlighting the importance of understanding the true costs and benefits associated with cloud adoption.

Harsha Patil, Engineering manager, California USA shares his key insights on the cloud conundrum. #featured

News

Does American media have TikTok bias?

Published

3 days ago

May 16, 2024

ticker NEWS

While the fate of TikTok remains uncertain in the U.S.—there is no shortage of possibilities.

Several investors are hoping to benefit from a new federal law that requires TikTok’s China-based parent company to sell the popular platform or face a ban.

This comes after ByteDance and TikTok filed a lawsuit against the U.S. government to block the law from going into effect.

Meanwhile, eight TikTok creators filed their own challenge, arguing the law violates their First Amendment rights to free speech.

But as the saga continues many media outlets are defending the platform.

David Zhang from China Insider joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #TikTok #TikTokban #socialmedia #China