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Finally, after a long wait, here is the “Apple” company launching the “Apple-Pay” service, which is the Buy Now and Pay Later (BNPL) service.
The company explained that users can request loans between 50 and 1000 dollars to pay later and pay them in four installments within 6 weeks without interest or fees.
The "Apple Pay" service is available within the "Apple Wallet" and allows for postponing the payment of the full price of the product.
The service was announced for the first time during the “#WWDC” conference last year, and it was under development for a while, and it was expected to appear with the “iOS_16” operating system, but some reports indicated that there were “technical and engineering problems” that delayed its launch The loan, the option to pay later will appear at checkout in applications and the Internet on "# iPhone" and "# iPad", and users can monitor and manage their loans through the "wallet" application and receive due payment alerts.
However, not everyone will be able to access the service, as “Apple” indicated that randomly selected users will receive invitations for early access to the “Apple Pay” service.
Currently, the service is only available in the United States and for online and in-app purchases on iOS 16.4 and iPadOS 16.4.