HINDUSTANVIEW.COM

Apple launched a new feature for customers in the US called "Apple Pay Later."

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Apple now allowing customers to buy now and pay leter trend through its digital wallet.

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The new services "Apple Pay Later" now allow to split their purchases into 4 equal payment over 6 weeks at no extra cost.

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Apple users can now also apply for a loan from $50 to $1000 through their wallets with no interest or fee, and the service will be provided by Apple Financing LLC.

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Apple Pay Later is now available only for select users in US, will extend to all eligible users in next few months.

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Apple launched this new option for customers to buy products who may not afford to pay for all at once.

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Users can be confident about their info are more secure through Apple Pay transactions with Passcode, Face ID and Touch ID.

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US Government's customer watchgod said schemes like this can put consumer into more debt.