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Later this fall, Apple Pay Later will let customers in the United States pay for online and in-app purchases through a six-week installment plan with no interest or fees.<\/p>\n
Previewed at WWDC, Apple Pay Later will let customers split a purchase into four equal payments paid over the course of six weeks. Apple Pay Later will include zero interest and no fees and will be available “everywhere Apple Pay is accepted,” according to Apple.<\/p>\n
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<\/noscript> Inside the Wallet app, users will see a new overview of all of their upcoming payments and how much they owe and can set a personal budget. Apple says that Apple Pay Later will only be available to qualifying applicants, but no further details have been shared.<\/p>\nThe development of Apple Pay Later was first reported by Bloomberg<\/em> in July 2021. Apple Pay Later is one of several new features coming to the Wallet app with iOS 16, including a built-in parcel and order tracking.<\/p>\n<\/div>\n<\/div>\n<\/article>\n
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Apple Developing In-House Payment Processing Technology for Future Finance Products<\/h3>\n Apple is working on a multiyear plan to bring its financial services in-house in the future, cutting down on the need for financial partners like Goldman Sachs, reports Bloomberg. Apple is developing payment processing technology and infrastructure such as lending risk assessment, fraud analysis, credit checks, and dispute handling, plus it is working on tools for calculating interest, …<\/p>\n<\/div>\n<\/div>\n<\/div>\n
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PayPal Played Role in EU Antitrust Complaint About Apple Wallet<\/h3>\n Apple Pay competitor PayPal played a role in the EU’s decision to target Apple with antitrust complaints about its mobile wallet, reports Bloomberg. PayPal was one of “multiple companies” that filed informal complaints about the way Apple restricts third-party apps from accessing the NFC capabilities of the iPhone, which in turn led to the European Commission issuing a Statement of Objections …<\/p>\n<\/div>\n<\/div>\n<\/div>\n
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Apple Pay Launches in Qatar<\/h3>\n Apple Pay has launched for iPhone, Apple Watch, and Mac users in Qatar, expanding Apple’s regional reach for its mobile payment solution, according to a post by the QNB Group (via AppleInsider). Apple Pay in Qatar will first be available with the Dukhan Bank and QNB Group, which calls itself the “largest financial institution in the Middle East and Africa.” Other banks in the country can be …<\/p>\n<\/div>\n<\/div>\n<\/div>\n
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Apple Reportedly Planning New Nutrition and Payment Services Alongside Fitness + Improvements<\/h3>\n Apple is planning to introduce several improvements for Apple Fitness + and Apple Pay this year, and has explored offering an all-new groceries service that integrates with the Health app, according to Bloomberg’s Mark Gurman. In the latest edition of his Power On newsletter, Gurman outlined his expectations for new Apple services this year. Two finance-related Apple services are purportedly …<\/p>\n<\/div>\n<\/div>\n<\/div>\n
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Coinbase Users Can Now Buy Crypto Assets Using Apple Pay<\/h3>\n Popular cryptocurrency exchange Coinbase has announced that it is now allowing traders to use bank cards linked to Apple Pay to purchase crypto assets on the platform. “Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $ 100,000 per transaction available 24\/7,” said a Coinbase blog post on …<\/p>\n<\/div>\n<\/div>\n<\/div>\n