Apple CEO Tim Cook recently told CNBC that the company's upcoming Apple Pay Later service, which was initially previewed at the Worldwide Developers Conference in June, is currently being beta tested by Apple employees and is expected to launch very soon. This service is seen as a way for Apple to further boost its services revenue and will provide users with the ability to make purchases via Apple Pay and then pay it off in four installments over six weeks, all managed through the Wallet app. This will no doubt be a great benefit to many customers, as it will give them the flexibility to purchase goods and services without having to pay upfront, but instead pay in installments.
Benefits of Using the Wallet App
Furthermore, the Wallet app provides a secure and easy way to manage these payments, meaning customers can keep track of their expenses without worrying about missing any.
Ultimately, this is an exciting development for Apple and its customers, and we look forward to seeing the Apple Pay Later service launch shortly.