Apple Launches Buy-Now, Pay-Later Service

The ‘Apple Pay Later’ function will be an addition to the tech giant’s current Apple Pay offering and will be rolled out as part of its upcoming iOS 16 update.

Built directly into Apple Pay, the update will allow users to pay for purchases in four instalments over six weeks, the company announced June 6.

Bloomberg reported last year that Apple is partnering with Goldman Sachs as the lender for the loans required for its buy-now, pay-later…