Apple has introduced Apple Pay Later, a new feature that powers the company’s payments platform and will allow users to split purchases into several payments. The buy now, pay later service will allow users to split any Apple Pay purchase into four equal payments over six weeks without additional interest or fees.
When users make purchases with Apple Pay, they can choose to split the fee. The purchase page will detail the amount and due date of the personal payment. Payment plans are managed through Apple Wallet. The feature is also built into the Apple Pay platform, which means different apps and services will support it.
In addition, to buy now, and pay later, Apple Pay supports smart order tracking purchases, allowing users to easily see when their orders arrive in the wallet app.
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