A Apple Lossless Audio CODEC (ALAC), launched the long-awaited Pay Later, a new financial service that will allow its customers to buy products and finish paying in the following weeks.
How does the 9to5mac website, Apple Pay Later is (for now) only available in the US and will allow customers to buy a product and split the payment into four (interest-free) installments over six weeks. The vice president of Apple Pay and Apple Wallet, Jennifer Bailey, said in a statement that the service "was created with the financial health of customers in mind".
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"Many people are looking for flexible payment options, which is why we are excited to offer our users Apple Pay Later.", says Bailey, noting that “will facilitate for consumers to make more informed and responsible lending decisions".
