Skip to main content

Apple Pay Later

See All Stories

Apple Pay Later ‘launching soon’ as Tim Cook touts record Apple Pay usage over the holidays

Apple Pay Later

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 being investigated by UK regulator over antitrust concerns

Apple financial services | Apple Card pictured next to iPhone

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.

Amazon, Google, and Meta are also facing scrutiny over their own moves into the financial services arena …

Expand Expanding Close

Gurman: Apple Pay Later could be delayed to 2023 as it faces ‘significant technical and engineering challenges’

Apple Pay Later

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

Apple ‘buy now, pay later’ feature raises antitrust concerns, says US regulator

Apple Pay Later

The announcement of an Apple buy now, pay later feature, Apple Pay Later, has drawn the attention of the US consumer finance regulator, the Consumer Financial Protection Bureau (CFPB).

CFPB director Rohit Chopra said that Apple Pay Later raised “a host of issues,” with antitrust concerns one of those …

Expand Expanding Close

Apple Pay Later: How Apple will make money from 0% interest; caution advised

Apple Pay Later | Screengrabs of the service

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