CEO of Klarna says plagiarism is the highest form of flattery on Apple Pay Later

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Klarna’s CEO and co-founder claims that the new Apple Pay Later function is a win for customers, calling plagiarism “the purest kind of flattery.”

After Apple’s WWDC 22 conference, which was held this week, Sebastian Siemiatkowski took to Twitter this week to share his thoughts on the company’s newly released versions of iOS 16, iPadOS 16, macOS Ventura, and watchOS 9.

When asked about the new Apple Pay capabilities, he said: “It’s a wonderful win for customers worldwide that Apple is now adopting a better form of consumer credit.”

Also read: Apple is expected to start producing its M2 Pro chip in the near future

While joking that plagiarism “is also the highest form of flattery,” he stated that the announcement had “some more fascinating dimensions.”

In particular, Siemiatkowski believes that the decision will accelerate the emergence of actual interest-free BNPL (buy now pay later) services over traditional credit cards, which would be a significant victory for customers. This could be an opportunity for the media to become more interested in BNPL and how it is “meaningfully better for consumers than typical credit cards.”

He compared the move to Apple joining Spotify in the music streaming sector and indicated the move could put an end to more predatory firms that demand high credit rates, asking “who will pay APRs of 40%?”

New order tracking features have been added to Apple Pay in iOS 16, allowing you to monitor the status of your purchases. The betas for this and all of Apple’s new software are available to developers right now!

Also read: Apple CEO Tim Cook predicts that the return to office will be a time of great experimentation

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