Apple Pay introduced BNPL (Buy now, pay later). The purchase can be divided into 4 installments over 6 weeks, the first installment being due at the time of purchase. You can also apply for interest-free and fee-free loans ranging from $50 to $1000 in the Wallet app. It is said that you can facilitate loan applications from the app without affecting your credit. When you use Apple Pay online, you'll see Instant Pay and Installment options. When you select Installment, you will see 4 options and a due date.
Technically, it is not directly provided by Apple, and credit evaluation and loans are handled by subsidiary Apple Financing, and the seller is said to use the Mastercard installment program. Goldman Sachs acts as the issuer of payment credentials for all Apple pay later processes. Currently, it is randomly provided to some users in the United States, and plans to provide it to eligible customers in the future.
In times of expected economic downturn, these features also raise concerns that consumers could be more indebted. Between providing a flexible payment method that customers can use comfortably and helping customers maintain a sound asset condition, I think it is a difficult problem to choose which service to provide.
