Apple Starts to Roll Out ‘Pay Later’ Service After Delay

Apple Inc. began rolling out its first “buy now, pay later”-style service after a lengthy delay, entering a field currently dominated by Affirm Holdings Inc., Klarna Bank AB and others.

The service, called Apple Pay Later, will divide purchases into four payments, spread over six weeks, with no interest or fees. It resides in the iPhone’s Wallet app, with users able to borrow amounts of $50 to $1,000 from Apple.