Apple has teamed up with Goldman Sachs to launch Apple Pay Later.
The service uses Goldman Sachs as a lender for its installment loans.
It will be available through Apple Pay.
Apple Pay users can choose any credit card to make their payments over time.
What does this mean?
The product being offered works with credit cards to take installments payments for products and services bought via Apple Pay. Users will need to use their ID card to apply for the service.