July 14, 2021 According to Bloomberg, Apple could start offering an option that lets users buy products and pay for it later by splitting the total cost of the items into multiple installments.

While the option will be available to Apple Pay users, Bloomberg pointed out that Apple is working with Goldman Sachs on a service called “Apple Pay Later.”

When using the service, users have two options to pay for their purchases.

If a user opts for the “Apple Pay in 4” option, they must make four interest-free payments within two months.

If the user opts for the second option, the payment period is extended for several months, whereby the interest comes into play.

For more information, read the original story in Engadget.