In the check-out line of your local grocery store, there’s a nearly one-in-three chance someone there has used an app like Klarna or Affirm to finance their purchase of produce, milk, and eggs at some point. Their use of buy now, pay later could mean your groceries are about to cost more, economists have found.
Apple is reportedly teaming up with deferred payment processor Klarna to launch a new lease-to-own program for its devices. Bloomberg reported on Tuesday that the program, called Apple Upgrade, will launch next Tuesday, July 28. It will allow consumers to pay for purchases over multi-year periods, including iPhones, iPads, Macs and Apple Watches. Bloomberg writes
