Apple Pay Later was announced for the first time at WWDC 2022, being presented as a feature of iOS 16. For a long time there was no talk about the system with payment in installments without interest which he wants to introduce Apple for users Wallet, but the volume of use a Apple Pay during the holidays makes the launch date of this service closer and closer.
In a recent interview with CNBC, Tim Cook (CEO of the company Apple), he said that Apple Pay Later it is currently in the beta phase, the service being tested among employees Apple. No exact date has been indicated when the service will be available to the general public, but it is expected to come with iOS 16.4. Major iOS update that will be released this spring.
What is a Apple Pay Later?
In short, with Apple Pay Later you can make a purchase with payment in four equal installments, spread over 6 weeks, directly from the application Apple Wallet. Both retailers and developers do not have to implement anything for this new service.
When you make a payment with Apple Pay at the store or online, you will be asked if you want the amount paid to be paid in four equal installments or not. This possibility will be regardless of whether in Apple Wallet you have added credit or debit cards and regardless of the products purchased.
- Apple Pay - How to add a credit card or debit card in Wallet and how we pay directly with iPhone
- Apple Pay – How do we add a debit or credit card and how do we send money through Apple Pay
- Why can't we add a credit / debit card in Apple Pay (Wallet)
It is a simple method to split a payment Apple Pay in four equal installments, without interest or other fees.
In the first phase after the launch for the general public, Apple Pay Later will be available only to customers in the US, with other countries to be introduced gradually.
