Apple introduced a new service in Apple Pay – “Apple Pay Later” – during the WWDC 2022 keynote.
Apple has Apple Pay Later presented, a new feature in the company's payments platform that allows users to pay for purchases in installments. The "buy now, pay later" service lets users split any Apple Pay purchase into four equal payments over six weeks without incurring additional interest or fees.
Apple Pay Later: The Wallet app becomes even more useful
When users make an Apple Pay purchase, they have the option to split the cost. The purchase page shows the amount of each payment and when it's due. Payment plans are managed through Apple Wallet. The feature is also integrated into the Apple Pay platform, meaning it's already supported in various apps and services. In addition to the "Buy Now, Pay Later" service, Apple Pay also supports smart order tracking for purchases, allowing users to see when their orders will arrive in the Wallet app. (Photo by Unsplash / naipo.de)
