11:24 AM EDT, 04/05/2024 (MT Newswires) -- 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 ( AAPL ) increasing share of this segment.

As for Stripe, Macquarie said the addition of Apple Pay Later represents transaction volume potential.

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