HSBC UK Brings Instalment Plans to Apple Pay

September 2, 2025 • FinTech News

HSBC UK has launched a new feature for its credit card customers. This service allows eligible users to pay for purchases in instalments directly at checkout when using Apple Pay. This move highlights the bank’s strong commitment to digital-first innovation. It also gives customers more flexibility to manage their spending, especially as household budgets remain under pressure.

How the New Instalment Feature Works

Rising demand exists for repayment options that balance convenience with transparency. To meet this need, the new feature lets customers split purchases of £100 or more into manageable monthly payments. They can set this up seamlessly through Apple Pay on an iPhone or iPad. The process is simple. A customer selects their HSBC credit card in their Apple Wallet. At checkout, they choose the “Pay Later” option. Then, they pick from the available repayment terms.

Clear Costs and Payment Tracking

The instalment plans charge a fixed monthly fee, which ranges between 1.5% and 8% of the original purchase amount. Crucially, the bank applies no interest to the remaining balance. This provides cost certainty for the customer. Users can then track all their instalments through the HSBC UK mobile app and on their monthly statements. This system offers full visibility over payment schedules. By combining this clarity with flexibility, HSBC UK positions itself as a leading high street bank integrating instalments directly into Apple Pay.

Part of a Broader Digital Strategy

This launch reflects HSBC UK’s larger investment in digital banking solutions. It aligns with the bank’s goal to provide smarter, simpler, and more secure ways to manage money. The service also leverages Apple Pay’s strong privacy features, which ensure transaction details are not linked back to individuals. This means customers benefit from both top-tier convenience and robust security.

Colin O’Flaherty, head of unsecured lending at HSBC UK, explained the service’s intent. “We’re committed to giving our customers choice in how they make purchases, as well as flexibility in how they approach their borrowing. The ability to pay with instalments when checking out with Apple Pay using a HSBC credit card does just that.”

Ultimately, this launch adds another significant digital-first service to HSBC UK’s portfolio. It provides customers with a practical solution for spreading out payments, all integrated within the devices they use every day.