Apple wants your iPhone to replace your credit card

Apple has revealed plans to make it easier to use your iPhone as a payment tool with the launch of several new services at WWDC 2022.

New additions include the long-awaited Apple Pay Later, arriving as part of iOS 16, which allows shoppers to split the cost of a purchase made with their device into four equal payments over six weeks, without incurring interest or penalties for delay.

The company also made it easy to pay in stores using its Apple smartphone with the announcement that its Tap to Pay service on iPhone will launch later this month.

(Image credit: Apple)

Apple Pay later

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