Apple Pay Later could not arrive till subsequent spring, in keeping with Bloomberg’s Mark Gurman. As you could recall, Apple introduced the purchase now, pay later characteristic at WWDC 2022 and mentioned, on the time, that it will arrive alongside iOS 16. Well, the newest model of the corporate’s cell working is right here and Apple Pay Later is nowhere to be discovered.
A footnote on Apple’s website states the characteristic will arrive “in a future update.” As Gurman notes, different beforehand introduced iOS 16 options that aren’t out there but are listed as coming “later this year.” Gurman believes the discrepancy is because of the reality Apple doesn’t know when Pay Later shall be prepared, and the characteristic could not arrive till iOS 16.4 ships in 2023. “I’m hearing there have been fairly significant technical and engineering challenges in rolling out the service, leading to delays,” he notes.
It’s fascinating to study Apple is encountering technical challenges implementing a Pay Later service. Based on Gurman’s earlier reporting, the corporate has been engaged on such a characteristic for greater than a yr. It even went out of its technique to create a subsidiary known as Apple Financing to conduct credit score checks and buyer approvals. All these strikes recommend the corporate sees monetary companies as a big a part of its future.
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