商业快报

Apple piles pressure on embattled buy now, pay later sector

BNPL companies face rising interest rates, default risks and threat of tighter regulation

Sebastian Siemiatkowski, Klarna’s chief executive and co-founder, was surprisingly upbeat after Apple announced it was entering the buy now, pay later arena where his company has been dominant.

“It is a great win for consumers worldwide that Apple is now embracing a better form of consumer credit,” he wrote on Twitter on Tuesday morning.

“Plagiarism is also the highest form of flattery,” Siemiatkowski added with a winking emoji.

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