Six weeks interest free
At the WWDC 2022 conference, Apple talked about the updated wallet app and Apple Pay in iOS 16. Along with the firmware update, the iPhone will learn a curious feature.
The option is called Apple Pay Later. It allows you to pay for goods in installments. In total, you can divide the amount into four equal payments. To do this, just select the desired option in the Wallet application when making a payment.
You can get interest-free installments for up to six weeks. Payments are managed through the same Wallet app, which means you can conveniently manage your budget.
The important thing is that Apple Pay Later is available wherever Apple Pay is accepted. The option does not require additional integration from the developer or seller.
In addition, it is now possible to track the delivery of goods by track in the wallet.