Apple launches “interest-free installments” service

Apple announced its entry into the "buy now, pay later" payment solutions market, which has massively intensified its adoption during the pandemic.

From next fall, certified Apple Pay users in the United States will be able to pay for their purchases in four installments over six weeks, "without interest or fees of any kind," according to a company statement.

The statement explained that the new feature "Apple Pay Lite" allows the user to "track and pay easily."

In recent years, Apple has resorted to diversifying its services and sources of income significantly in order to keep users of its devices in the orbit of its system, whether with regard to communication services, the entertainment aspect, work and online shopping.

This method has become popular during the pandemic and partnerships with merchants have increased, and they are willing to pay a percentage of the transaction for purchases that consumers were not necessarily able to pay at once.

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