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Apple launches its own ‘buy now, pay later’ service in Apple Pay
7 June 2022
The new payment feature is called Apple Pay Later and, like the Apple credit card, is limited to the United States.
It allows users to pay for any Apple Pay purchase in four instalments over three weeks, with no interest or fees. Apple’s move further into the finance world, which also brings more of its Pay infrastructure in-house, has been long rumoured. It puts the company in direct competition with Australia’s AfterPay, which is now owned by Square, as well as PayPal and many others.
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