Before today’s earnings call for the first fiscal quarter of 2023, Apple CEO Tim Cook told CNBC that the company’s upcoming Apple Pay Later service would debut “soon.”
The Apple Pay Later function, which will increase Apple’s service revenue, is now being beta tested by Apple employees, according to Cook. It will launch soon, according to Cook.
The Worldwide Developers Conference gave Apple Pay Later its a first public glimpse in June. It is intended to enable consumers to make numerous payments for their purchases, much like PayPal’s buy now, pay later function.
Wherever Apple Pay is supported, the ability to split a purchase into four payments made over six weeks will be accessible with Apple Pay Later. The Wallet app will be used to manage payments.