Apple Pay Later, which supposedly rolls out on iOS 16, is likely delayed to release on a much later date. The new payment service for iPhone users is reportedly pushed until sometime next year or in 2023.

A new report from Bloomberg journalist Mark Gurman explains why the Apple Pay Later feature took time before launching.

Apple Pay
(Photo : Peter Macdiarmid/Getty Images)
LONDON, ENGLAND - JULY 14: In this photo illustration, an iPhone is used to make an Apple Pay purchase at The Post Office on July 14, 2015 in London, England.

Apple Pay Later for iOS 16

According to a recent report by Engadget, the Cupertino-based tech giant introduced its new Apple Pay Later feature back in WWDC 2022. It was the same event wherein the iPhone maker teased the all-new iOS 16. And one of its features is a new buy now, pay later option.

However, it is worth noting that Apple said during the WWDC event that the new Pay Later feature is arriving alongside the new iOS 16.

Engadget notes in its report that the next-generation iOS has already started rolling out to iPhones. And despite that, the new buy now, pay later option has yet to see the light of day.

So it looks like the Pay Later option is rolling out in the future updates of iOS 16. Engadget highlights that the website of Apple currently gives away a pretty vague timeline, saying that it rolls out "in a future update."

Is Pay Later Delayed to 2023?

However, Gurman got a bit more specific with his prediction.

Apple Pay
(Photo : Peter Macdiarmid/Getty Images)
LONDON, ENGLAND - JULY 14: In this photo illustration, an iPhone is used to make an Apple Pay purchase at The Post Office on July 14, 2015 in London, England. From today iPhone and Apple Watch owners can use their device to pay for purchases at retailers who support the new mobile wallet service Apple Pay.

As per the news story by Mac Rumors, the Bloomberg journalist points out that the new payment option will not be available this year. Instead, he claims that it is launching sometime in 2023.

He goes on to disclose that it is likely ships to iPhone users as the iOS 16.4 comes out by next year. The latest newsletter of Gurman further adds that Apple might release it during spring.

Gurman notes in his newsletter that "it's possible the feature won't arrive until iOS 16.4 in the spring."

Read Also: 'Apple Pay Later' Under Development to Provide Credit Card-like Features like Monthly Installments via Sachs

Why is it Delayed?

While Apple has yet to actually confirm that its Pay Later service is delayed, Gurman has an explanation for why it is potentially pushed back.

He says that he learned that "there have been fairly significant technical and engineering challenges." And as such, the renowned tech giant is taking some time before it releases its new payment service.

But once it starts shipping to iPhones and iPad, the new Pay Later option is available straight from the built-in Wallet app of these Apple devices.

Related Article: Apple's iOS 16 Showcases Latest Features, But Not All iPhone 14 Models Are Eligible for the Upgrade

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Written by Teejay Boris

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