Apple Announces New Payment System ‘Pay Later’
Apple has announced a new financial service called Pay Later. Here are all the details on the service and how to use it!
Apple has announced its new financial service called PayLater. Thanks to this service, you have the opportunity to divide your products up to 4 installments free of charge and interest-free.
PayLater is currently only available to randomly invited users, but the service is not far from going public.
PayLater service is only available on devices with iOS 16.4 and iPadOS 16.4. Apple states that PayLater is “designed with users’ financial health in mind.”
When Is Pay Later Available?
In Apple Pay, where you can apply for a loan between $ 50 and $ 1000, you can use the “paylater” option when you choose ApplePay during online payment and applications after the loan is approved. Moreover, there is the option of dividing your shopping into 4 installments up to 6 weeks.
The PayLater service is only available in the US for now, but the service is expected to be available to all users worldwide shortly.