Apple
Apple has launched a new service called Apple Pay Later that allows users to split their purchases into four payments without interest or fees, with the aim of promoting financial health. This service will be available to eligible users in the coming months, with select users being invited to try a pre-release version starting March 28.
According to Jennifer Bailey, Apple’s Vice President of Apple Pay and Apple Wallet, many people are looking for flexible payment options, and Apple Pay Later was designed with this in mind.
Users can apply for loans ranging from $50 to $1,000 to be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay. To start using Apple Pay Later, users can apply for a loan from their Wallet app without affecting their credit.
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