Shulou(Shulou.com)11/24 Report--

CTOnews.com, March 28 (Xinhua)-- Apple today launched its Apple Pay Later service in the United States, which will allow consumers to buy first and pay later. Simply put, Apple Pay users can divide a bill into four payments within six weeks with no interest and no extra charge.

According to reports, users can apply for Apple Pay Later loans of $50 to $1000 (CTOnews.com Note: currently about 345,890 yuan) for online purchases and in-app purchases from merchants accepting Apple Pay payments on iPhone and iPad. Considering the user's financial situation, the user can view, manage and repay the Apple Pay Later loan in his wallet.

Starting today, Apple will start inviting some users to access the pre-release version of Apple Pay Later and plans to make the service available to all eligible users in the coming months.

"there is no one-size-fits-all approach to how people manage their finances. A lot of people are looking for flexible payment methods, which is why we are happy to offer Apple Pay Later to our users," said Jennifer Bailey, vice president of Apple Pay and Apple Wallet at Apple.

"Apple Pay Later is designed with the financial situation of users in mind, so it has no fees and interest and can be used and managed in Apple Wallet, making it easier for consumers to make informed and responsible lending decisions."

It is worth mentioning that Apple Pay Later is supported through the MasterCard Mastercard Installments program, while Goldman Sachs is the issuer of MasterCard payment vouchers used to complete Apple Pay Later purchases.

Starting today, Apple will randomly invite users to experience Apple Pay Later through wallets and Apple ID emails. currently, Apple Pay Later is only available for online and in-app purchases on iPhone and iPad in the United States, and Apple Pay Later is only available for iOS 16.4 and iPadOS 16.4 and above.

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