Link copied!

Comment reported!

Thank you for keeping applescoop.org safe 😃

Privacy respecting comments? Check!

We developed our own custom comment system, Instant Reply, to deliver a tracker-free, fast and easy experience! No sign up required.

Posting a comment will make you leave the tour.

Speaking

Apple Pay Later is almost here, reports suggest

88%
5 min read
Comments
  • Apple Pay Later, designed to boost the company's services revenue, is set to launch soon according to CEO Tim Cook.
  • The feature will allow users to make multiple payments for their purchases and manage payments through the Wallet app.
  • During a recent call with investors, Cook mentioned that Apple Pay had a record number of purchases during the holiday season and the company's services category saw a record $20.8 billion in revenue.
  • Despite technical and engineering challenges, Apple Pay Later is expected to launch soon and provide US customers with a seamless and secure way to split the cost of an Apple Pay purchase into four equal payments with zero interest and no fees.
  • Apple Pay Later will be available everywhere Apple Pay is accepted online or in-app and use the Mastercard network.



Apple's new "Apple Pay Later" service, which has been in the works for some time, is set to launch soon, according to CEO Tim Cook. In a recent interview with CNBC, Cook confirmed that Apple employees are currently beta testing the feature, which is designed to help boost the company's services revenue. Apple Pay Later was first previewed at the Worldwide Developers Conference in June and will be similar to the buy-now-pay-later option offered by PayPal.

Apple Pay Later will allow users to make multiple payments for their purchases and will be available where Apple Pay is accepted. Payments will be managed through the Wallet app, and a purchase can be split into four payments to be made over a six-week period. The feature will provide US customers with a seamless and secure way to split the cost of an Apple Pay purchase into four equal payments, with no interest or fees. It will be built into Apple Wallet, making it easy for users to view, track, and repay their payments. Image credit: HardwareZone During a call with investors to announce Apple's first quarter results for fiscal 2023, Tim Cook mentioned that Apple Pay had a record number of purchases during the holiday season in 2022. The platform is currently available to millions of merchants in 70 countries and regions. Apple's services category saw a record $20.8 billion in revenue for the quarter, and the company has reached the milestone of 2 billion active devices.

Despite significant technical and engineering challenges, Apple Pay Later is expected to launch soon, and the company may release iOS 16.4 and other software updates in the spring. The feature will be an interesting addition for US customers as it will have zero interest and no fees. Apple Pay Later is available everywhere Apple Pay is accepted online or in-app and will use the Mastercard network.




Stories related to Apple Pay

Apple launches Apple Pay Later for select users

100% reliable | 6 minute read

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

100% reliable | 4 minute read

Everything we know about MLS Season Pass on Apple TV

98% reliable | 4 minute read

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

88% reliable | 6 minute read

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

89% reliable | 6 minute read

Apple Pay approved to launch soon in South Korea

78% reliable | 3 minute read

Apple may release an Apple Music app for PlayStation 5

80% reliable | 4 minute read

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

80% reliable | 6 minute read

Australia to reclassify and strictly regulate Apple Pay

92% reliable | 4 minute read

Apple Music artists can now share milestones with fans

100% reliable | 4 minute read

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

100% reliable | 3 minute read

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

91% reliable | 3 minute read

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

79% reliable | 9 minute read

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

100% reliable | 5 minute read

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

64% reliable | 8 minute read

Apple expands Find My network for third-parties

97% reliable | 7 minute read

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

100% reliable | 5 minute read

Apple introduces a new way to transfer your cloud storage

99% reliable | 6 minute read

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

98% reliable | 12 minute read

Apple Card is now offering a 3% cashback promotion

99% reliable | 4 minute read
More stories

Apple launches Apple Pay Later for select users

100% reliable | 6 minute read

New iWork updates bring Apple Pencil hover features and more

100% reliable | 3 minute read

Apple announces WWDC23 coming June 5

98% reliable | 4 minute read

Here's what's new in iOS 16.4

100% reliable | 6 minute read

Apple Music Classical now available

100% reliable | 4 minute read

Gurman: iOS 17 to include several “nice to have features”

84% reliable | 3 minute read

Apple not planning to release USB-C version of AirPods 3

78% reliable | 5 minute read

Apple ends Sprint iPhone activations, removes references from website

100% reliable | 3 minute read

New Beats Studio Buds+ reportedly coming soon

72% reliable | 3 minute read

Voice Isolation coming to cellular calls in iOS 16.4

100% reliable | 4 minute read

iPhone 15 Pro leak shows new volume and mute buttons

86% reliable | 5 minute read

Here's what the rumors are saying about Apple Watch Series 9

67% reliable | 6 minute read


More stories