March 28 (UPI) -- Apple unveiled its new short-term, no-interest payment program Apple Pay Later on Tuesday, giving Apple Pay users a new way to manage their finances.
Apple Pay Later allows users to break their purchases down into four payments over the course of six weeks for purchases, a press release from the tech company said. It can be used for online purchases and in-app purchases where Apple Pay is accepted. Payments come with no interest and no fees.