Apple’s set to make big bucks off its new lending service

Apple has joined the thriving “buy now, pay later” industry, with a customized service called Apple Pay Later. The service was announced earlier this week at the 2022 Worldwide Developers Conference, and will initially be launched in the United States later this year. Pay Later will be built into the Apple Wallet and eligible for use on any purchase made through Apple Pay. Customers will be able to split the cost of a purchase into four equal payments, with zero interest and fees, spread over a period of four months. To qualify, however, Apple will first do a soft credit…

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