A rumor we heard of in July was that Apple would launch « Apple Pay Later » to let people pay for purchases in installments, like Apple Card customers enjoy. This was not announced at the iPhone 13 event, but in the meantime, Mastercard customers can use a similar service.
Mastercard Installments enables consumers to digitally access BNPL offers, either pre-approved through their lender’s mobile banking app or through instant approval during checkout. Pre-approved installments can be used directly on a merchant’s website, and can be stored in digital wallets including Click-to-Pay, to then be used online or in-store wherever Mastercard is accepted. Instant approvals during checkout will be available through Click-to-Pay shortly after launch.
Check It Out: New ‘Mastercard Installments’ Program Helps You Buy Now, Pay Later
