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Apple revealed purchase now, pay later feature and redesigned the iPhone lock screen

Key takeaways: 


Apple is taking on Klarna and ClearPay with a recent "buy now, pay later" quality for iPhones, the firm has revealed at its worldwide developer conference.


The firm is also redesigning the iPhone's lock screen; in the most crucial visual redesign, the iPhone's operating system has got since the introduction of the iPhone X and introducing a new version of the MacBook Air built on its M2 chip.


Apple's buy now, pay later offering will contend with firms like Klarna and ClearPay by allowing users to take out an interest-free four-month loan on any charges made using its Apple Pay service. It is also partnering with the e-commerce platform Shopify to enable users to track the improvement of their orders in the Apple Wallet app.


The buy now, pay later attribute will be restricted to the US when iOS 16 comes in the autumn.