Earlier the service was rumored to start sometime this year, but now, according to Mark Gurman, Apple is going to delay the feature’s release to next year. Apple could release it with the iOS 16.4 update, which is also coming sometime in 2023. Although, according to Mark, even Apple is not certain when Apple Pay Later will be ready for launch, so even the 2023 date is not set in stone. Apparently, Apple is facing ‘significant‘ technical and engineering challenges in the feature’s development. – Apple Newsroom It’s surprising to hear Apple is having a hard time bringing BNPL options to the Apple Wallet, since several other significantly smaller companies have been offering Buy-Now-Pay-Later financing for some time now. There’s a chance these delays could be from regulatory challenges too. In fact, to enable the BNPL option, Apple set up a subsidiary, Apple Financing LLC, which is going to perform some tasks of a traditional bank, like running soft credit checks on people when they apply for the Pay Later service.
