Apple has announced that its long-awaited Apple Pay Later financing service will begin rolling out today. At launch, Apple says that it will “begin inviting select users to access a prerelease version of Apple Pay Later.” It will launch to “all eligible users in the coming months” in the United States.Expand Expanding Close
Apple Pay Later was announced at WWDC 2022 as a feature of iOS 16. With this feature, customers will be able to pay in installments simply by choosing the option in the Wallet app when purchasing something with Apple Pay. First expected to be introduced in late 2022, the feature was delayed – and now Apple CEO Tim Cook has confirmed that Apple Pay Later will be “launching soon.”Expand Expanding Close
Apple financial services – like Apple Card and the new savings account – are mostly limited to the US at present, but the UK regulator is already launching an inquiry into potential antitrust concerns.Expand Expanding Close
Gurman: Apple Pay Later could be delayed to 2023 as it faces ‘significant technical and engineering challenges’
Apple Pay Later was announced during the WWDC 2022 keynote. It will be a way to let customers pay in installments simply by choosing the option in the Wallet app when they make payments. Originally rumored to be introduced this year, it seems this service could be delayed to Spring 2023 with iOS 16.4.Expand Expanding Close
CFPB director Rohit Chopra said that Apple Pay Later raised “a host of issues,” with antitrust concerns one of those …Expand Expanding Close
The announcement of Apple Pay Later has made waves in the Buy Now Pay Later world, with some suggesting that existing companies like Affirm are going to be hard hit. But some are fighting back …Expand Expanding Close
We first learned about plans for Apple Pay Later almost a year before the company announced the new installment payment plan at WWDC. While no interest or fees are charged, a report today says that Apple will still make money from the service.
A business school academic has also warned consumers to be cautious about using the option …Expand Expanding Close
Among today’s iOS 16 announcements is Apple Pay Later, a way to let you pay in installments simply by choosing the option in the Wallet app when you make payment.
You can pay in four equal installments, and get up to six weeks interest-free …Expand Expanding Close