Apple buys UK financial firm as part of move into payments business

The tech giant is working on a service that would let people buy goods and services and then pay them off later in instalments.

Apple has been escalating its push in payments in recent years.

Technology giant Apple is understood to have bought London-based credit-scoring start-up company Credit Kudos, continuing its push into payments technology.

Credit Kudos lets businesses assess loan applicants by analysing banking data, such as user transactions, and offers a service for potential borrowers to assess their creditworthiness.