Apple Pay Later might not arrive till subsequent spring, based on 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. Nicely, the most recent model of the corporate’s cell working is right here and Apple Pay Later is nowhere to be discovered.
A footnote on Apple’s web site states the characteristic will arrive “in a future replace.” As Gurman notes, different beforehand introduced iOS 16 options that aren’t obtainable but are listed as coming “later this 12 months.” Gurman believes the discrepancy is as a result of reality Apple doesn’t know when Pay Later will likely be prepared, and the characteristic might not arrive till iOS 16.4 ships in 2023. “I’m listening to there have been pretty vital technical and engineering challenges in rolling out the service, resulting in delays,” he notes.
It’s fascinating to be taught Apple is encountering technical challenges implementing a Pay Later service. Based mostly on Gurman’s earlier reporting, the corporate has been engaged on such a characteristic for greater than a 12 months. It even went out of its technique to create a subsidiary referred to as Apple Financing to conduct credit score checks and buyer approvals. All these strikes counsel the corporate sees monetary companies as a major a part of its future.
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