The Apple Pay Later service — announced last year but still in the testing phase — will evaluate borrowers based on their spending history and even which of the company’s devices they own. The program also will look at whether customers have applied for an Apple Card credit card and the other cards they have linked to their Apple Pay accounts.
The company is gearing up to launch Apple Pay Later in the coming weeks after releasing the test to thousands of retail employees earlier this month. Before the expansion to retail staff, Apple had been trying out the program with corporate employees for several weeks.