Introducing Apple Pay Later: A New Payment Option for U.S. Customers

Apple is introducing a new payment option for customers in the U.S. called Apple Pay Later. The service, which is built right into Apple Wallet, allows users to split their purchases into four payments, spread over six weeks with no interest and no fees.

The loans, which range from $50 to $1,000, can be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay. With Apple Pay Later, users can view, track, and manage all of their loans in one place.

The launch of Apple Pay Later is part of the company’s efforts to make it easier for customers to purchase and manage their finances. Apple hopes the new service will help customers stay on top of their bills and make online shopping more convenient.

Apple Pay Later is now available in the U.S. and Apple plans to roll it out to other countries in the near future.