APPLE has just revealed a new “Pay Later” feature at its World Wide Developers Conference.
Pay Later lets you split the cost of an item into four equal payments with no additional cost or interest payments.
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The feature works like Klarna, which is a popular method of splitting payments.
You can use Pay Later anywhere that accepts Apple Pay.
It means you may find it easier to buy larger items and spread the cost to fit with your weekly budget.
The Pay Later options will be located in your Apple Pay settings.
Apple says it’s working hard to replace your physical wallet with the Wallet app.
It’s already trying to build driver’s licenses in the US into the Wallet app.
This will also let you securely present your identity to apps, including sharing that you’re over 21 – rather than revealing your birthday to third parties.
Apple Pay is also expanding with Tap to Pay on iPhone, making it possible to accept payments contactlessly with no additional hardware.
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Merchants will be able to use their own iPhones to accept these contactless payments.
What is Apple WWDC 2022?
WWDC is Apple’s yearly developer convention, where app makers gather in huge numbers.
Apple also uses the event to make major announcements about its products.
Apple’s 2022 will also be mostly virtual, but with a special limited-capacity event.
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