Link copied!

Comment reported!

Thank you for keeping applescoop.org safe 😃

Speaking

Photo via Apple Inc.

Apple employees are already using Pay Later for testing purposes, report says

89% reliable
6 mins
Comments
  • Apple is testing its new "Pay Later" feature among its retail employees in the US, allowing users to break up payments made through Apple Pay into four interest-free installments over a period of six weeks.
  • The beta version of the upcoming feature was made available to the company's over 80,000 retail employees following its initial testing phase with corporate employees and will be built into the Wallet app on the iPhone and iPad.
  • Apple Pay was first introduced in 2014 and the addition of the Pay Later feature shows Apple's commitment to expanding its mobile payment services, expected to be exclusive to the US initially.
  • Apple is also developing another financing feature called "Apple Pay Monthly Installments" with Goldman Sachs, allowing customers to split up the cost of larger transactions over several months with interest applied.



Apple is testing its new "Pay Later" feature for the Apple Wallet among its retail employees in the United States, according to a report from Bloomberg. The Pay Later feature, announced at the Worldwide Developers Conference (WWDC) 2022, allows users to break up payments made through Apple Pay into four interest-free installments over a period of six weeks, essentially acting as Apple's version of a "buy now, pay later" scheme.

The beta version of the upcoming feature was made available to the company's over 80,000 retail employees for testing, following its initial testing phase with corporate employees. The feature will be built into the Wallet app on the iPhone and iPad. The CEO of Apple, Tim Cook, recently announced that Pay Later would be launching soon. Image credit: Jessy Bains from LinkedIn News Apple Pay was first introduced in 2014 along with the iPhone 6, with an international rollout following in 2015. The addition of the Pay Later feature shows Apple's ongoing commitment to expanding its mobile payment services. It is expected that the feature will be exclusive to the US initially.

Apple has also been developing another financing feature called "Apple Pay Monthly Installments" in partnership with Goldman Sachs. This service would allow customers to split up the cost of larger transactions over several months, with interest applied. The company has yet to publicly announce this feature. Image credit: How It Happened on YouTube The report also mentions that the Pay Later feature may not be available in all US states at launch, as indicated on Apple's website. Apple's approach to testing its new features among its employees is similar to what it did with the Apple Card in 2019. The credit card was made available to retail employees for testing around two months before its official launch.

In conclusion, Apple's Pay Later feature is an exciting development in the mobile payment space. The "buy now, pay later" option will provide users with a new level of flexibility and convenience in making purchases through Apple Pay. While the feature is currently in testing, and may not be available in all US states at launch, it is expected to be available soon.

Recommended by the editors:

Thank you for visiting Apple Scoop! As a dedicated independent news organization, we strive to deliver the latest updates and in-depth journalism on everything Apple. Have insights or thoughts to share? Drop a comment below—our team actively engages with and responds to our community.



Stories related to Apple Pay

Apple launches Apple Pay Later for select users

100% reliable6 mins

It's about time: Apple Music Classical available for pre-order, launches March 28th

100% reliable4 mins

Everything we know about MLS Season Pass on Apple TV

98% reliable4 mins

Apple Pay Later will use your past spending habits to decide your credit worthiness

88% reliable6 mins

Apple Pay approved to launch soon in South Korea

78% reliable3 mins

Apple Pay Later is almost here, reports suggest

88% reliable5 mins

Apple may release an Apple Music app for PlayStation 5

80% reliable4 mins

Apple expected to face antitrust charges in the EU over NFC chip

80% reliable6 mins

Australia to reclassify and strictly regulate Apple Pay

92% reliable4 mins

Apple Music artists can now share milestones with fans

100% reliable4 mins

New Snapchat Lens shows how Apple Pay transit works in an AR experience

100% reliable3 mins

Apple Arcade has officially gone two months without uploading a new title

91% reliable3 mins

There may be ‘a few surprises’ at the Apple Event tomorrow, new report says

79% reliable9 mins

Earth Day: Apple is donating $1 per every transaction on Apple Pay

100% reliable5 mins

Rumors persist about Apple developing an all-digital passport and ID system

64% reliable8 mins

Apple expands Find My network for third-parties

97% reliable7 mins

Apple now accepts a small number of Android phones for trade in

100% reliable5 mins

Apple introduces a new way to transfer your cloud storage

99% reliable6 mins

New Arizona legislation to allow in-app purchases outside the App Store

98% reliable12 mins

Apple Card is now offering a 3% cashback promotion

99% reliable4 mins
More stories

[Updated] The iPhone 16 Series: New Features, Pricing, and Release Date Revealed

73% reliable14 mins

Leaked Identifiers Hint at Exciting New M5 iPads for 2025

86% reliable10 mins

Apple’s Next AI Leap: Partnering with Google’s Gemini?

70% reliable10 mins

iOS 19 Development Already Underway: What’s Next for Apple?

79% reliable7 mins

Apple's Vision Pro Set for AI Overhaul: What You Need to Know

71% reliable11 mins

Apple's Secret Code Leak Reveals All iPhone 16 Models Might Share This Powerful New Chip

60% reliable7 mins

Secrets Revealed: Surprising Facts About the Creation of the Apple iPhone

100% reliable28 mins

Is Apple Working on a Smart Ring? Here’s Everything We Know

62% reliable12 mins

Apple Intelligence: Free AI Features Today, Subscription Tomorrow?

92% reliable8 mins

Apple's Next Big Thing: AirPods with Built-In... Cameras?

70% reliable8 mins

The Evolution of Apple's Chip Design: From A-Series to M-Series

100% reliable10 mins

Apple Wallet's Digital IDs: Which States Are Onboard and What's Next?

100% reliable7 mins


More stories