14 Jul. 2021 05:23
BUZZ-Affirm, PayPal fall on report of Apple-Goldman plans for 'buy now, pay later' service
** Fintech firm Affirm Holdings Inc's shares down 11% at $57.93, while PayPal Holdings Inc falls 0.9%
** IPhone maker Apple Inc with Goldman Sachs Group Inc is working on a service that will allow users to repay Apple Pay purchases in installments over time - Bloomberg News
** GS will serve as the lender for the loans necessary for installment offerings - report
** AAPL's service would rival "buy now, pay later" services popularized by companies such as Australia's Afterpay Ltd , Zip Co Ltd's Quadpay and Sweden's Klarna
(Reporting by Chavi Mehta in Bengaluru)
© Thomson Reuters 2021. Click for Restrictions.
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