The Worldwide Developer Conference is taking place in Cupertino.

Thomas Trutschel | Getty Images

The conference started at 1p.m. The long-awaited iOS 16 is set to debut this September and will feature the ability to edit and unsend iMessages.

Apple Pay Later, the company's newest buy now, pay later product had customers buzzing.

There are long-awaited edits and unsend features to iMessage.

Apple Pay is a viable option for consumers looking to make major purchases and investments because it will put Apple on the map.

Users will be able to pay for a product wherever Apple Pay is accepted and pay back the cost over the course of six weeks with no additional fees or charges.

Apple Pay Later is designed to make it easy to view, track, and repay Apple Pay Later payments.

The first payment will need to be paid before the final payments can be made.

Block, a competitor of Apple that used to be known as Square, bought Afterpay LIMITED earlier this year.

It is expected that the two services will go head-to-head.

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