Report: 'Apple Pay Later' Likely Delayed Until Spring 2023 With iOS 16.4

[MacRumors]

Apple Pay Later, an upcoming service from Apple that will let qualifying U.S. customers split a purchase into four equal payments over six weeks, is reportedly being delayed until 2023 due to technical engineering challenges.

Announced at WWDC in June, Apple has said that Apple Pay Later will be "coming in a future update" to iOS 16, but the company has not provided a specific timeframe. Bloomberg's Mark Gurman said today in his Power On newsletter that the service is likely to face a delay and launch in the spring as part of an iOS 16.4 update.

This leads me to believe that the company isn't completely certain when Apple Pay Later will be ready for launch. It's possible the feature won't arrive until iOS 16.4 in the spring. I'm hearing there have been fairly significant technical and engineering challenges in rolling out the service, leading to the delays.

Apple Pay Later will be built into the Wallet app and be available for purchases online and in apps on the iPhone and iPad. The Wallet app, alongside the upcoming Apple Pay Later service, gained other new features with iOS 16, such as the ability to track online orders and more.

Article Link: Report: 'Apple Pay Later' Likely Delayed Until Spring 2023 With iOS 16.4

 

[sorgo †]

Now introducing! Apple Pay Later, Later!

We think you’re eventually going to love it

 

[rappr]

Without a defined timeframe beyond "coming in a future update", how is this delayed?

 

[supergt]

So Apple is going to enable and facilitate America’s ever growing love of debt?

I wish they’d focus on fixing their software instead.

 

[6787872]

that's a long time to delay considering there's so many alternatives for that already

 

[newyorksole]

they would rather save it for next year when there are going to be a bunch of new more expensive products lol.

although they should do their trial run now and work out any backends kinks.

 

[klasma]

I mean, it’s already in the name.

 

[klasma]

So Apple is going to enable and facilitate America’s ever growing love of debt?

I wish they’d focus on fixing their software instead.

Technical debt. Apple Fix Later, you’re going to love it.

 

[Jerry Fritschle]

So Apple is going to enable and facilitate America’s ever growing love of debt?

I don't quite see how a system that enables financing over time really "enables" our love of debt. That exists already in the present credit card model, where many people just pay the minimum every month--which often doesn't even attack the principal.

 

[Rivvvers]

Meanwhile in the UK we still don’t have Apple Cash or Apple Card and definitely won’t be getting Apple Pay Later.

 

[msackey]

Meanwhile in the UK we still don’t have Apple Cash or Apple Card and definitely won’t be getting Apple Pay Later.

That’s too bad. Apple Card is issued by Goldman Sachs and perhaps they don’t have a UK product for that.

 

[sw1tcher]

Delay could be due to upcoming regulations CFPB will be issuing.

U.S. consumer watchdog plans to regulate 'buy-now, pay-later' companies

The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating "buy-now, pay-later" (BNPL) companies like Klarna and Affirm Holdings due to worries their fast-growing financing products are harming consumers, the agency said on Thursday.

www.reuters.com

Apple is probably holding off so their BNPL product will meet those new regulations.

 

[Dark_Omen]

How about we get all the features out the door at launch in September instead of drip feeding new features little by little six months later?

What are the programmers doing all day?

 

[ILoveCalvinCool]

I don't really understand the appeal of six-week financing, but I suspect I'm not the target audience. I can't imagine that this type of short-term way of thinking about money is anything but detrimental.

 

[ILoveCalvinCool]

How about we get all the features out the door at launch in September instead of drip feeding new features little by little six months later?

What are the programmers doing all day?

They're following the orders of people who are not programmers.

 

[Dark_Omen]

They're following the orders of people who are not programmers.

I don’t think so. Seems like incompetence since there’s a technical issue - just like with the launch of iOS 16.

 

[jav6454]

Now introducing! Apple Pay Later, Later!

We think you’re eventually going to love it

You do realize that this feature likely is bank support dependent, not Apple.

 

[jav6454]

I don't really understand the appeal of six-week financing, but I suspect I'm not the target audience. I can't imagine that this type of short-term way of thinking about money is anything but detrimental.

If I am not mistaken, the premise is that there is no interest in that period. So it works out to pay for things in a more "leveled" manner without breaking your balance.

 

[calstanford]

Apple Pay Much Later (TM)

 

[Mr. Dee]

I don't really understand the appeal of six-week financing, but I suspect I'm not the target audience. I can't imagine that this type of short-term way of thinking about money is anything but detrimental.

I think it’s I gotta have it now, but I won’t have the money to pay it off until 6 weeks from now.

 

[I7guy]

I don’t think so. Seems like incompetence since there’s a technical issue - just like with the launch of iOS 16.

The launch of iOS 16 was not really different than any other iOS launch. You may be remembering it wrong.

 

[Dark_Omen]

The launch of iOS 16 was not really different than any other iOS launch. You may be remembering it wrong.

Don’t remember any other iOS launch not allowing people to activate their phones.

 

[I7guy]

Don’t remember any other iOS launch not allowing people to activate their phones.

iOS 8 bricked phones. There have been issues with every iOS launch since the beginning.

 

[cardfan]

So Apple is going to enable and facilitate America’s ever growing love of debt?

I wish they’d focus on fixing their software instead.

Sure but most here will need this to keep buying.

 

[sorgo †]

The launch of iOS 16 was not really different than any other iOS launch. You may be remembering it wrong.

Just when I thought I’d seen it all… 🤣