Network sources report that the launch of the Pay Later function in iOS 16 has been postponed until spring 2023 due to technical problems, which was announced at a WWC event earlier this year and is a "buy now, pay later" version of the service, i.e. it allows purchase in instalments.
At the time of Pay Later's announcement in June this year, it was said that the ability to buy goods in time would be integrated into iOS 16. Now that the new version of Apple's mobile operating system has become widely available, users have noticed the absence of Pay Later. On iOS support page 16, it is stated that this function is . It is noted that no specific time frame has been specified, although many of the expected innovations in iOS 16 are noted as .
According to Bloomberg journalist Mark Gurman, Apple is not entirely sure when the Pay Later tool is ready for launch. He believes that it will not be possible to purchase in instalments before iOS 16.4 is released in the spring of 2023.
It will be recalled that Apple Pay Later will split the purchase amount through Apple Pay by four equal payments with no interest rate and no commission. The initial contribution is written off at the time the service is used, and the remaining three payments must be made within two weeks. According to available data, Apple Pay Later will be in charge of Apple Financing LLC, Apple's subsidiary, and the company is currently working with Goldman Sachs to verify the creditworthiness of Apple Card owners, the company's Mastercard credit card.