Apple Pay Later reportedly facing ‘significant technical and engineering challenges’, could be delayed until 2023
Apple announced a new buy now, pay later service at WWDC earlier this year – a new Apple Pay service that will allow users in the US to pay off Apple Pay purchases in monthly installments with up to six weeks interest-free.
With the main launch of iOS 16 out of the way, and Apple originally stating that Apple Pay Later would arrive with a future update, Bloomberg’s Mark Gurman has shared in the latest edition of his Power On newsletter today that he is hearing that the service is facing “fairly significant technical and engineering challenges” which could ultimately throw the launch off well into next year.
“It’s possible the feature won’t arrive until iOS 16.4 in the spring”, says Gurman.
Apple Pay Later will work similarly to other buy now, pay later services such as PayPal which let users spread the cost of purchases over a set period. With Apple Pay Later, users will be able to pay in installments for in-store, online and in-app purchases, with all installment payments available to view in the Wallet app on iOS, allowing users to see their upcoming payments and remaining payment period.
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