Apple on Tuesday launched a "Buy Now, Pay Later" service in the US that will allow consumers to pay for purchases in installments.
The company said the service would allow users to divide purchases into four payments spread over six weeks without interest or fees.
Users can apply for loans between $50-$1,000, which can be used for online and in-app purchases made on iPhone and iPad at more than 85% of US retailers that accept Apple Pay.
Apple will start inviting some users to access a pre-release version of Apple Pay later, and it plans to offer it to all eligible users in the coming months.
Follow the latest news on Google News
