What is Apple Pay Later? Now it’s postponed to 2023

(Pocket-lint) – Apple Pay Later may not arrive until next year. The forthcoming “buy now, pay later” feature, which will allow eligible US customers to split their purchases into four equal payments over six weeks, is reportedly being delayed until 2023 due to technical challenges, according to a new report.

Apple announced Apple Pay Later at WWDC last summer. It should be a new feature in iOS 16 – or an update to it. However, Apple Pay Live is not yet live. Reporter Mark Gurman has now claimed that Apple Pay Later could launch in spring 2023 as part of an iOS 16.4 update. “This leads me to believe that the company is not entirely certain when Apple Pay Later will be ready for launch,” Gurman wrote in his Power-On Newsletter. “It’s possible that the feature won’t be available until spring with iOS 16.4. I’ve heard that there have been quite major engineering and technical challenges in launching the service that have caused the delays.”


Apple Pay Later will be a feature in the Apple Wallet app. It will be available to Apple Pay users shopping online and in apps on iPhone and iPad. Apple essentially offers users free installment loans. However, people are subject to “eligibility checks and approvals,” and Apple hasn’t specified what its eligibility checks entail. But no interest accrues when you use Apple Pay Later, and there are no fees.

For more on how Apple Pay Later will work when it arrives, check out Pocket-lint’s guide: What is Apple Pay Later and How Can You Buy Now, Pay Shift?

Written by Maggie Tillman.

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