Bloomberg reports that Apple will reintroduce financing options in Canada under the “buy now, pay later” program. Apple and Affirm’s PayBright will bring this new program on August 11, 2021. A similar program was introduced by Apple Card credit card and Goldman Sachs in the US on August 20, 2019. Payments will be deferred through Affirm Holdings in Canada.
So far, we haven’t confirmed Apple bringing physical credit cards to Canada. However, the company will offer its ‘Buy now, pay later’ scheme via its physical and online stores in the country.
According to an internal memo by the company, customers will be able to finance purchases for 12 to 24 months with this service. The announcement comes as Canada approaches back-to-school student day deals in September. The timing of Apple launching the “buy now, pay later” program during the holiday season makes sense, as it will boost sales. As well, Apple said that the program will offer interest-free financing after launch for a limited period of time.
Bloomberg says that the employees in the Apple retail store are already informed about this new program. I think this is really great news for international students coming to Canada since they can stretch out the cost of their new MacBook and
iPad over time.
Anyhow, this is wonderful news, and it might serve as an excellent alternative to Apple Credit Card in Canada. However, is this event really going to take place on August 11, 2021, as promised? Let us know your thought’s in the comments section below. Also, if you are an international student in Canada which Apple product will you want to buy under Apple’s ‘Buy now, pay later’ program? Leave your thoughts below.