Apple’s upcoming “buy now, pay later” service will use customers’ previous purchases and spending habits to determine how much they can borrow, according to a report by Bloomberg. The service, which was first announced in June 2022, will allow customers to split the cost of purchases into four equal instalments that can be paid over six weeks. To be eligible, customers must have an Apple Pay account and a history of making purchases at Apple’s retail stores, using its peer-to-peer payment system, Apple Cash, and the App Store.
