13 July 2021, 08:07 pm Apple Pay Later will soon debut for the Cupertino giant, featuring a Credit Card-like service that focuses on monthly installments for any purchases using the payment scheme. It would be fulfilled by Goldman Sachs, Apple s current partner bank behind the Apple Pay service which has been long introduced to users, operating as a payment medium.
Credit Cards are like postpaid plans from one s cellular network provider, as they are given an allocation or the credit limit, and they would only pay for what they have used or one s monthly purchases. Initially, Apple rolled out the anticipated Apple Card in 2019, but it has not sparked a massive phenomenon like its iPhones and other devices.