Apple's "buy now, pay later" partnership with Affirm is now live in Canada, allowing customers to spread out the cost of new devices over a set period of time.
Credit: Apple
The partnership, which went live on Wednesday, allows customers to finance new iPhone, iPad, and Mac purchases over a 12-month or 24-month period. The payment plan, made in collaboration with Affirm subsidiary PayBright, has no interest if paid in full during that timeframe.
News of Apple's partnership with Affirm in Canada surfaced earlier in August. As of Wednesday, Aug. 11, qualified Canadian customers will be able to finance iPhone purchases over 24 months, and iPad and Mac purchases over 12 months.
Although the Affirm partnership is currently only available in Canada, Apple in 2020 launched a similar monthly installment plan for Apple Card, which allows U.S. customers to spread out the cost of device purchases over months.
The Cupertino tech giant is also reportedly developing an Apple Pay installment plan with Goldman Sachs. Dubbed "Apple Pay Later," the plans will reportedly be available for any purchase made using Apple's payment platform.