Apple announced its Buy Now Pay Later (BNPL) service at its WWDC22 keynote, allowing users in the US to spread the cost of a purchase into four payments over six weeks, without paying interest or fees.

Released as part of the new iOS 16 update, the Buy Now Pay Later feature is built into the Apple Wallet and designed with users’ financial health in mind, making it easy to view, track, and repay Apple Pay Later payments within the Wallet. 

“Users can apply for Apple Pay Later when they are checking out with Apple Pay, or in Wallet,” the company said in a statement. “Apple Pay Later is available everywhere Apple Pay is accepted online or in-app, using the Mastercard network. Additionally, with Apple Pay Order Tracking, users can receive detailed receipts and order tracking information in Wallet for Apple Pay purchases with participating merchants.”

In addition to allowing users to track upcoming payments in their installment plans, the BNPL feature can be used without third-party assistance. “You can now get that espresso machine you’ve wanted and pay for it over time with no additional cost,” Apple said during its keynote. “For developers and merchants, Apple Pay Later requires no integration. It just works using their standard Apple Pay implementation.”

The feature also lets users track their orders. The company continued: “Apple Pay order tracking enables merchants to deliver detailed receipt and tracking information directly to Wallet, making it easy to get the latest information on all of your Apple Pay orders delivered securely and privately to your device. Apple Pay order tracking will be offered at millions of merchants through eCommerce platforms starting with Shopify.”