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Apple Pay Laterdid not debut with iOS 16 , and new reports suggest that it might take a while to roll out . Apple Pay afterwards is a part of the company ’s Apple Wallet appthat is available on iPhones and Apple Watches . As is evident from its name , Apple Pay later on is a Buy Now Pay Later ( BNPL ) scheme that will provide users to split the cost of a leverage into four adequate payments over six weeks at zero sake . Apple foretell the service at its Worldwide Developers Conference case in June .
TheApple Wallet app incorporates several features , let in the Apple Pay overhaul , which is steadily gain ground more users worldwide . Alongside Apple Pay , the Wallet app also holds requital cards , as well as digital key for car , homes and hotels ; boarding passes , ID cards and even vaccination poster . Another unexampled Apple Wallet feature article is Apple Pay Order track information , which will permit users to receive receipts and tracking particular for their orders made with Apple Pay in the Wallet app . As for Apple Pay Later , it is only slated to roll out in the U.S. for now , with no reference of a possible expansion to orbicular markets in the hereafter .
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Having announce Apple Pay Later earlier this year , the company is yet to roll it out to Apple Pay users . On its officialwebsite , Apple read that the feature is"coming in a future update"with no specific time frame for the roll - out . However , accord toBloomberg ’s Mark Gurman , Apple is confront some"significant expert and engineering challenges"with its propose new characteristic , which could be detain until iOS 16.4 next spring .
Apple Pay Later Is Facing “Significant Challenges”
The precise nature of the challenge that prevented Apple from wheel out Pay Later with iOS 16 remains unclear for the minute , but the company is planning a few other changes tothe operation of its Apple Card . For starter , the party is lay to end its partnership with Goldman Sachs to wield quotation check and lending as part of its plans to move its financial services in - house under the Apple Financing banner .
Once it is launch , Apple Pay Lateris anticipate to helpmake it easier for masses to purchase productsthat they otherwise would not have been able-bodied to afford with a one - prison term payment . The service requires users to pay a quarter of the price on the Clarence Day of the leverage , with the remaining three - quarters to be paid in three adequate installments every two workweek . However , the system has come in under dense unfavorable judgment from advocates who believe it might increase unsustainable spending and encourage people to bribe products and service they can not afford .
beginning : Apple , Bloomberg
