## **Apple has launched Apple Pay Later, a payment plan that allows users to split their purchases into four payments spread over 6 weeks with no interest and fees.** Apple Pay Later only available to Apple Pay customers, which means Android users don’t have access to it. This plan can be seen as another ploy by Apple to lure Android customers to iOS. The payment service is currently only available in the US, and Apple Pay Later allows users to borrow anywhere between $50 and $1,000. This amount can be used for online and in-app purchases. Loans can be applied for in the Apple Wallet app. Once purchased, a user’s Apple Pay Later loan and payment history can be reported to credit bureaus and affect their credit. The company says it will perform a “soft credit pull” at the time of loan application to ensure users are in a healthy financial situation. Once the loan is approved, users can make purchases with Apple Pay Later via (iPhone)(https://www.24h.com.vn/iphone-c407e1576.html) or their iPad. Users can also apply for a loan directly in the checkout process when making a purchase. Furthermore, Apple users will be able to track their past and upcoming payments through the Wallet app. They will also receive Wallet and email notifications reminding them of upcoming payments. Starting today, randomly selected Apple users will be invited to get early access to the pre-release version of Apple Pay Later via Wallet and via their Apple ID email. The service is available with iOS 16.4 and iPadOS 16.4.