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
Apple Inc was sued in a proposed class action by payment card issuers accusing the iPhone maker of abusing its market power in mobile devices to thwart competition for Apple Pay
Apple could face a fine up to 10 per cent of its global turnover or $36.6 billion based on its revenue last year, though EU penalties rarely reach the cap
Tap to Pay on iPhone will be available for payment platforms and app developers to integrate into their iOS apps and offer as a payment option to their business customers in the US first, Apple said