Apple (AAPL) Pay Later is now included on Stripe as a default option for merchants, positioning the company for greater connectivity in e-commerce and with small and medium businesses, Macquarie said in a Thursday note.
The investment firm said the integration is a “further validation” of buy now, pay later, or BNPL, as a payment option given Apple’s increasing share of this segment.
As for Stripe, Macquarie said the addition of Apple Pay Later represents transaction volume potential.