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Apple Debuts Pay-Later Service, iPhone Updates to Developers

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The Apple Pay Later “buy now, pay later” feature splits up the cost of Apple Pay purchases into four payments across six weeks, with no interest or fees.


Apple Inc. unveiled a flurry of new software features and services at its Worldwide Developers Conference, including an updated iPhone lock screen, multitasking features for the iPad, and a pay-later service that vaults it further into finance. 

The presentation Monday, part of a weeklong event, previews key features for Apple's developers, which now number 34 million, according to Chief Executive Officer Tim Cook. The wide-ranging upgrades are meant to keep customers loyal and prod them to use more Apple products together—a key strategy of the world's most valuable tech company.

Apple's latest iPhone software, iOS 16, will include the new lock screen, letting users personalize elements like their photo and the font used for the time. The lock screen is also getting widgets -- bits of software that show simple information like the weather -- for the first time. And a feature called Live Activities will make it easier to keep track of plans and events, such as an NBA game or an Uber ride, senior vice president Craig Federighi said at the event in Cupertino, CA.

From Bloomberg
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