At the beginning of the new year, most of the technology world's attention was focused on Apple's major software update, which is iOS 17. We will definitely see iOS 17, but before that, let's look at some of the new financial features that Apple has planned for iOS this year.
Apple Pay later
The American company is taking the Apple experience seriously for the financial world. But it seems that the apple company is taking a different path with the Apple Pay Later app.
Apple announced this feature at the Worldwide Developers Conference WWDC 2022. With the Pay Later feature, users can divide payments made with Apple Pay into four different payments within six weeks without having to pay any interest.
When Apple announced the feature, it did not set a specific timeline for the launch of the service. The reason for this may be that the system is still in the development stage. Bloomberg reported that the feature has some technical problems.
When the app stores system is available, it will be available at any online store that accepts Apple Pay and makes in-app purchases. Users in the US will be able to use it as soon as the feature is released, as long as they meet the conditions.
Apple Card savings account
With an Apple Card savings account, users will be able to deposit cash into their daily savings accounts. Apple is expected to fully integrate this feature into the Apple Wallet app in the future. This will allow users to track their accounts and their development.
With an Apple Card savings account, users can even make manual deposits into their bank accounts. All you have to do is link your bank account to your Apple Card Savings Account.
This feature was announced by Apple in October 2022. According to the Cupertino-based company, the Apple Card Savings Account will be launched soon. The service will be limited to Apple Card holders and will be available in the US first.
Apple will operate the service in partnership with Goldman Sachs, a former partner of Apple. Because this is a savings account, users can expect to receive some interest from their savings each year.
There is currently no information about the iPhone manufacturer's interest rate. But the current online savings account of partner company Goldman Sachs brings a return of 3.3% per year.
