It’s finally here. Apple Pay Later.
I remember this being big news at WWDC last year. And almost a year later it’s finally here.
So I’ve been browsing around and it appears the response to this news has been mostly negative. So the system allows users to split purchases into 4 payments with no interest or fees. But it may also encourage people to spend money on things they don’t need.
Apple says it’s good for the consumer.
“There’s no one-size-fits-all approach when it comes to how people manage their finances. Many people are looking for flexible payment options, which is why we’re excited to provide our users with Apple Pay Later,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet. “Apple Pay Later was designed with our users’ financial health in mind, so it has no fees and no interest, and can be used and managed within Wallet, making it easier for consumers to make informed and responsible borrowing decisions.”
I’m not so convinced. Now I should mention before continuing that I might be benefiting…
