How does Apple Pay Later work?

(NEXSTAR) — If you're currently a user of Apple Pay — the technology giant's mobile payment system — you may notice a new feature in your Apple Wallet. The company says some randomly selected users will begin seeing the option to "Apple Pay Later" on Tuesday, with a wider release of its flexible payment system coming in the next few months.Here's how it works, according to Apple:(Courtesy of Apple)Users can apply for loans valued between $50 to $1,000 via their Apple WalletIf y