Apple has been offering more and more options in the financial field for some time, and to the already popular Apple Pay or to its Apple Card now get them an Apple Pay Lateran option to finance all those purchases.
This service allows everything you pay with Apple Pay to be pay in four monthly installments without interest and without commissions for delays. An important proposal for an Apple that enters a little more in this area.
Buy now, pay later
The trend to offer those “buy now, pay later” options is becoming more widespread and Apple has taken advantage of that inertia to presentar Apple Pay Laterits own proposal in this segment.
Companies like PayPal recently offered this possibility, and the popularity of Apple Pay may make this new service become a very powerful option for Apple.
With this service, anyone who uses Apple Pay can decide if they want to pay for that product or service —whether it’s Apple or not, it doesn’t matter— in four monthly installments.
At Apple they have also highlighted the fact that This financing will not be associated or interest or commissions for late payments.
Apple has not given too many additional details about this service, but in the screenshot it has presented you can see that “small print” that explains how these “loans” are subject to company approval and may not be available in all US states. It is not known how Apple will or will not grant that approval for the ability to finance purchases.
That could bring some controversy: something similar has already happened with the Apple Card, which was revealed to have different lines of credit depending on the sex of the client: in one of the cases it was seen how gave a man 20 times the credit he gave his wife.
It seems clear that the purchase financing service will initially be exclusively available in the United Statesbut we will expand this information if Apple offers more information about this new feature.