Business

Apple Pay Later Will Let You Pay for Purchases Through an Installment Plan With No Interest or Fees

Advertisements

Later this fall, Apple Pay Later will let customers in the United States pay for online and in-app purchases through a six-week installment plan with no interest or fees.


Previewed at WWDC, Apple Pay Later will let customers split a purchase into four equal payments paid over the course of six weeks. Apple Pay Later will include zero interest and no fees and will be available “everywhere Apple Pay is accepted,” according to Apple.

apple pay later wallet


Inside the Wallet app, users will see a new overview of all of their upcoming payments and how much they owe and can set a personal budget. Apple says that Apple Pay Later will only be available to qualifying applicants, but no further details have been shared.

The development of Apple Pay Later was first reported by Bloomberg in July 2021. Apple Pay Later is one of several new features coming to the Wallet app with iOS 16, including a built-in parcel and order tracking.

Related Stories

Apple Working on ‘Apple Pay Later’ Feature With Monthly Installments for Apple Pay Purchases

Apple is developing a new pay later service that will let customers pay for Apple Pay purchases in installments over time, Bloomberg reports. Installment payment options will be available for all Apple Pay purchases, with the feature not limited to Apple products. The service is similar to Paypal’s Buy Now, Pay Later feature, and internally, it’s being called “Apple Pay Later.” Apple is …

Survey: Only 6% of US iPhone Users Who Set Up Apple Pay Actually Use It

Only six percent of iPhone users in the United States who have Apple Pay set up actually use the feature, according to a detailed study by PYMNTS. Seven years after Apple Pay launched in September 2014, 93.9 percent of consumers with Apple Pay activated on their iPhone do not use it to pay for in-store purchases, meaning that only 6.1 percent do. In 2015, the year following Apple Pay’s …

Apple Closes Loophole That Allowed Mir Cardholders to Use Apple Pay in Russia

Apple this week suspended its Apple Pay service for the Mir card payment system in Russia, effectively closing a loophole that had allowed Russians to continue to use the Apple Pay service. According to Reuters, Mir had remained connected to Apple Pay even after Apple restricted the use of the payments service in Russia on March 1 for Mastercard and Visa cardholders. Russia’s National …

Apple Developing In-House Payment Processing Technology for Future Finance Products

Apple is working on a multiyear plan to bring its financial services in-house in the future, cutting down on the need for financial partners like Goldman Sachs, reports Bloomberg. Apple is developing payment processing technology and infrastructure such as lending risk assessment, fraud analysis, credit checks, and dispute handling, plus it is working on tools for calculating interest, …

PayPal Played Role in EU Antitrust Complaint About Apple Wallet

Apple Pay competitor PayPal played a role in the EU’s decision to target Apple with antitrust complaints about its mobile wallet, reports Bloomberg. PayPal was one of “multiple companies” that filed informal complaints about the way Apple restricts third-party apps from accessing the NFC capabilities of the iPhone, which in turn led to the European Commission issuing a Statement of Objections …

Advertisements

Apple Pay Launches in Qatar

Apple Pay has launched for iPhone, Apple Watch, and Mac users in Qatar, expanding Apple’s regional reach for its mobile payment solution, according to a post by the QNB Group (via AppleInsider). Apple Pay in Qatar will first be available with the Dukhan Bank and QNB Group, which calls itself the “largest financial institution in the Middle East and Africa.” Other banks in the country can be …

Apple Reportedly Planning New Nutrition and Payment Services Alongside Fitness + Improvements

Apple is planning to introduce several improvements for Apple Fitness + and Apple Pay this year, and has explored offering an all-new groceries service that integrates with the Health app, according to Bloomberg’s Mark Gurman. In the latest edition of his Power On newsletter, Gourmet outlined his expectations for new Apple services this year. Two finance-related Apple services are purportedly …

Coinbase Users Can Now Buy Crypto Assets Using Apple Pay

Popular cryptocurrency exchange Coinbase has announced that it is now allowing traders to use bank cards linked to Apple Pay to purchase crypto assets on the platform. “Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $ 100,000 per transaction available 24/7,” said a Coinbase blog post on …

Popular Stories

WWDC 2022 Apple Event Live Keynote Coverage: iOS 16, macOS 13, MacBook Air, and More

Apple’s Worldwide Developers Conference (WWDC) starts today with the traditional keynote kicking things off at 10:00 am Pacific Time. We’re expecting to see a number of announcements, including iOS 16, macOS 13, watchOS 9, and tvOS 16, though it’s unclear what else we’ll be seeing at the event. A redesigned MacBook Air tops the list of potential new hardware, but supply chain issues …

Apple Announces Redesigned MacBook Air With M2 Chip, Notch, MagSafe, New Colors, and More

Apple today at WWDC 2022 announced the next-generation MacBook Air with the all-new M2 chip, a redesigned unibody enclosure, a brighter display with a notch, new color options like Starlight and Midnight, MagSafe charging, a 1080p camera, and more. Subscribe to the MacRumors YouTube channel for more videos. The new MacBook Air looks similar to the latest 14-inch and 16-inch MacBook Pro …

Apple Announces iOS 16: First Look at New Features

Apple today previewed iOS 16, the company’s next major update for the iPhone, featuring a redesigned, customizable Lock Screen, improvements to Messages, Maps, and Home, new sharing and personalization capabilities, and more. Lock Screen, Notifications, and Focus An all-new, fully customizable Lock Screen allows users to edit a large number of design elements, including type styles and …

Top Stories: WWDC 2022 Rumors + iPhone 14 Pro With Always-On Display?

It’s that time of year again as the calendar flips over to June! Apple’s developer conference kicks off on Monday and we’ve seen a flurry of last-minute rumors even as much of what to expect remains a mystery. This week saw rumors about some of the changes coming in iOS 16 and iPadOS 16, while we also heard details about the iPhone 14 lineup we’re not expecting to see until the usual …

Apple Announces Updated 13-inch MacBook Pro With New M2 Chip

Apple today unveiled an updated 13-inch MacBook Pro featuring Apple’s next-generation custom M2 chip. The new 13-inch MacBook Pro is essentially a processor bump, with the design and other hardware features identical to the previous model. Built using second-generation 5-nanometer technology, Apple’s M2 chip improves upon the M1 in every respect, with a 18 percent faster CPU, a 35 …

Apple Announces Multi-Display CarPlay With Integrated Speedometer, Climate Controls, and More

Apple today at WWDC 2022 announced the “next generation” of CarPlay, which will support multiple displays within a vehicle, offer built-in climate controls for adjusting the temperature of the A / C or heat within the CarPlay interface, and more. The next-generation CarPlay experience will be able to provide content across multiple screens within a vehicle, and deeper integration with a …

.

Advertisements

Comments

comments

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button