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Apple the design and tech giant is now moving into the credit space with a new offering to compete with the likes of established Buy Now Pay Later and Apple Pay in 4 finance providers like Klarna, Afterpay, Paypal, Affirm and Sezzle. What we know so far about Apple Pay Later
In This Post:
When will Apple Pay Later be available?
Apple Pay Later launch date is September 2022
Apple announced at their June 2022 developer conference that they are launching a new product to be called Apple Pay Later. It will be incorporated into the existing Apple Wallet App.
How to get Apple Buy Now, Pay Later?
How does Apple Pay in 4 work?
Apple Pay Later
Apple Pay Later lets customers split a purchase into four equal payments over six weeks, with no interest or fees to pay. Apple Pay Later is available for purchases in apps and online when customers check out with Apple Pay.2 And it’s built into Wallet so customers can easily track what they owe and when they owe it.
By using the Mastercard network, Apple Pay Later just works with Apple Pay.
Other payment features will include:
Pay others by tapping your iPhone against theirs – similar to what Blocks' Square currently offers.
Wallet in IOS 16 will let you track your online orders through Apple Pay.