Apple launched the Pay Later feature in order to protect its users' financial well-being.

By: Aman Singh

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Updated on: 30-Mar-2023

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Access to Apple Wallet will be available to users. Users will be able to borrow money from Apple in the range of $50 and $1000 with this service. Users can use the wallet to apply for loans, according to the company. Moreover, the user's credit will not be impacted. The user must express his or her agreement to the terms and conditions of Apple Pay later for the loan amount after providing information about the amount. Yet, the business will examine the borrower user's financial situation. Only after the user has given their approval will the subsequent step be accomplished.

On its official website, Apple contains information regarding this feature. Certain people will be chosen and invited for early access, according to the business. The business will send this invitation by Apple ID or Wallet email. This feature has recently been introduced in America. Users of iPhones and iPads will be able to access the feature through online and IPP purchases. Also included in the iOS 16.4 and iPadOS 16.4 updates is this capability.