Apple Pay Later, the company's Buy Now Pay Later service, has launched in the U.S. for selected users. The service allows users to split payments into installments, with loans ranging from $50 to $1,000. Payments are tracked in Apple Wallet and require a linked debit card for transactions. Despite concerns about debt accumulation and consumer protection, Apple ensures user data is secure and private. Apple Financing LLC manages the loans and will report them to U.S. credit bureaus in the fall.