Apple has announced its Apple Play Later service in WWDC 2022 today. This functionality is going to add on Apple Pay Service.
Apple Pay Later will be a free service from Apple for its users. Apple will not charge any money and let you make interest free payments on purchases
Apple Pay Later feature will allow you to split the amount of purchases into four equal payments with no interest and late fees.
As Per reports Apple was working on its pay later service from 2021. Which is now officially announced today in WWDC 2022. It will be the par of iOS 16.
Apple is going to add many more things in its wallet service like - in-app ID verification, Apple Pay Order Tracking. You can expect all this features later this year.