Apple Pay Later in iOS 16 — What you need to know

If you buy now and pay later, Apple will be a serious competitor to PayPal

Even if you don’t have an Apple Pay card, you may still use it to pay for products and services in stores, online

It’s a competitive field, with the likes of Klarna, Afterpay, and Affirm as well as PayPal’s own PayPal Pay in 4 payment plan

Instead of making a single payment, you spread out the cost over a period of time. Consumers may find these payments interesting