Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon.
allowing users to borrow from $50 up to $1,000 and repay the debt in four equal amounts over six weeks with no fees or interest charged. By last October, Apple Pay Later was available to all iPhone users. Loans were tracked and payments were made from the Wallet app.
"Starting later this year, users across the globe will be able to access installment loans offered through credit and debit cards, as well as lenders, when checking out with Apple Pay. With the introduction of this new global installment loan offering, we will no longer offer Apple Pay Later in the U.S.
While Apple Pay Later was available only to U.S. iPhone users, the new installment loans feature available later this year will be offered in various countries worldwide. During WWDC last week, Apple posted that later this year"The ability to access installments from credit and debit cards with Apple Pay will roll out starting in Australia with ANZ; in Spain with CaixaBank; in the U.K. with HSBC and Monzo; and in the U.S. with Citi, Synchrony, and issuers with Fiserv. Users in the U.S.
From the preview in March 2023, Apple Pay Later lasted 447 days. But from the full launch of the service that took place last October, the feature lasted only eight months. My gut feeling is that Apple would rather offer the new installment loans feature coming later in 2024 possibly because it will be available in more countries rather than just the U.S.
Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.Multiple accounts - one person can have only one accountModeration is done by humans.
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