Apple has introduced Apple Pay Later, a new feature backed into the company’s payment platform that will allow users to split purchases into separate payments, according to AppleInsider.
The buy now, pay later service will allow users to split any Apple Pay purchase into four equal payments over six weeks with no additional interest or fees.
When users make an Apple Pay purchase, they’ll get the option to split the cost. The purchase page will detail how much the individual payments are and when they will be due.
Payment plans are managed through Apple Wallet. The feature is also baked into the Apple Pay platform, meaning it’ll already be supported in different apps and services.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
