Apple introduces new Buy Now, Pay Later scheme in Canada

Apple has partnered with PayBright to offer consumers a new way to buy goods and pay for them later.

According to Bloomberg, Apple’s new PayBright partnership means that users can break down the cost of buying a new iPad or iPhone, and pay it back every fortnight or month. PayBright has already partnered with a number of companies like eBay, Dyson, and Samsung, and over time the brand has become a household name.

Under the program, users will be able to buy their next iPhone, iPad, or Mac and pay over 12 or 24 months.

Device trade-ins can also be used as a ‘down payment on a new device, and it’s possible to add AppleCare to a plan. What’s more, the company has confirmed it will offer interest-free payments as a limited time bonus.

Apple is expected to debut the new scheme on August 11 online and in its retail stores in Canada.

In the United States, users can benefit from instalment plans when they take out an Apple Card, but in other territories, it’s had to partner with banks and lenders to offer the scheme. In the UK, for example, it offers financing with Barclays Bank as well as PayPal, with an APR of 14.9%.

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