Apple Pay Later was first announced at WWDC 2022, being presented as a feature at iOS 16. A good period has not been talked about the system with Pay in interest -free rates which he wants to introduce Apple for Wallet users, but the volume of use of Apple Pay during the holidays makes the launch date of this service.
In an interview recently given to CNBC, Tim Cook (Apple's CEO), said that Apple Pay Later It is currently in the beta phase, the service being in tests among Apple employees. It was not indicated once accurate when the service is available to the general public, but it is expected to come with iOS 16.4. Major updte of iOS that will be launched this spring.
This ESTE Apple Pay Later?
In short, with Apple Pay Later you can make a payment with payment in four equal rates, distributed for 6 weeks, directly from the Apple Wallet application. Both retailers and developers should not 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 put in four equal installments. This possibility will be regardless of whether in Apple Wallet you have credit or debit cards and regardless of the purchased products.
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It is a simple way to reconcile an Apple Pay payment into four equal rates, without interest or other commissions.
In the first phase after launching for the general public, Apple Pay Later will be available only for US customers, and other countries will be gradually entering.
