According to Bloomberg’s Mark Gurman, Apple Pay Later may not be available until next spring. As you may recall, Apple announced the buy now, pay later feature at WWDC 2022 and stated that it would be available alongside iOS 16 at the time.
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The latest version of the company’s mobile operating system is now available, but Apple Pay Later is nowhere to be found.
According to a footnote on Apple’s website, the feature will be available “in a future update.” Other previously announced iOS 16 features that aren’t yet available are listed as coming “later this year,” according to Gurman.
Gurman believes the discrepancy is due to Apple not knowing when Pay Later will be ready, and that the feature may not be available until iOS 16.4 is released in 2023. “I’m hearing there have been fairly significant technical and engineering challenges in rolling out the service, which has resulted in delays,” he says.
It’s interesting to learn that Apple is having technical difficulties implementing a Pay Later service. According to Gurman’s previous reporting, the company has been working on a feature like this for more than a year.
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It even went out of its way to establish Apple Financing as a subsidiary to handle credit checks and customer approvals. All of these moves indicate that the company sees financial services as an important part of its future.
