Apple Working on 'Apple Pay Later' Feature With Monthly Installments for Apple Pay Purchases

Apple is developing a new pay later service that will let customers pay for Apple Pay purchases in installments over time, reports Bloomberg. Installment payment options will be available for all ‌Apple Pay‌ purchases, with the feature not limited to Apple products.
The service is similar to Paypal's Buy Now, Pay Later feature, and internally, it's being called "‌Apple Pay‌ Later."Apple is planning to partner with Goldman Sachs on the ‌Apple Pay‌ installments plan,