The service was announced back in June 2022 but was held back by delays.
Apple is finally launching Apple Pay Later, the company’s take on the buy now, pay later business. Thethat users can use the service to apply for Pay Later loans of $50 to $1,000 and then repay those loans through four payments over the course of six weeks with no interest or fees.
Apple Pay Later exists within the Apple Wallet and is supposed to let you avoid paying the full price for a product right away. The service, which Apple firstdevelopers were contending with “technical and engineering issues,”Not everyone can access the service today, however. Apple says “randomly selected” users will receive invites to obtain early access to Apple Pay Later. The service is only available in the US and for online and in-app purchases on iOS 16.4 and iPadOS 16.4.
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