Apple's upcoming Apple Pay Later service is entering its next testing phase as the Cupertino tech giant expands the service to its retail employees.
Apple Pay Later is a program that allows users to split any purchase made with Apple Pay into four equal payments over a six-week period without incurring additional interest or fees. When using this feature, the amount and due date of each payment will be displayed on the purchase page. Loud Bloomberg said Apple contacted its retail employees to offer them a trial version of the service.
Tim Cook: Apple Pay Later will be introduced soon
The test suggests that the feature is close to being released. Apple has reportedly created a subsidiary to finance lending for the Apple Pay Later service. Apple Financing LLC will be separate from the company's main company. Apple Wallet will be used to manage payment plans. The feature is also integrated into the Apple Pay platform, so various applications and services will already support it. In early February confirmed Apple CEO Tim Cook said the feature will be introduced "soon." (Photo by Denys Prykhodov / Bigstockphot)
