Apple is planning to launch its own ‘buy now, pay later’ service allowing users to pay for any Apple Pay purchase in a number of installments.
‘Apple Pay Later’ will reportedly use Goldman Sachs as the loan provider, having has worked with the banking giant since 2019 to provide its Apple Card credit card, Bloomberg reported.
It is understood that Apple Pay Later functionality will be added to the Apple Pay ecosystem in the near future, offering anyone using the service the option to pay for their purchase in four interest-free payments made every two weeks, or across several months while paying interest.
