According to a report from Mark Gurman, Apple Pay may be delayed until next year. You can make a payment through Apple Pay and then pay it off in four installments without interest.

When Apple first announced the Pay Later feature in June, it said it would be included in the next version of its software. Apple Pay Later hasn't made an appearance, and the fine print on Apple's website vaguely says it's coming in a future update. According to Gurman, Apple Pay Later is the only feature on the page that doesn't have a time frame for when it will be released. Key sharing is one of the features that will be available later this year.

According to Gurman, Apple isn't sure when Apple Pay Later will be ready for launch, and we may not see it until the release ofiOS 16.4 in the spring of 2020. There have been significant technical and engineering challenges that have led to the delays.

Apple will have to take on new responsibilities as a result of the challenges. According to reports in June, Apple Financing will handle the lending for Apple Pay Later while being separate from Apple's main business. Credit checks and lending for Apple Card, the company's Mastercard-based credit card, will be in-house for Apple Pay later.

Government regulators are starting to pay more attention to services such as Affirm and Afterpay because they could pose a risk to customers. According to research, people who don't use the service are more likely to go into debt than people who use the service. Apple Pay Later has the potential to reach more users than any other service as it will be built into the iPhone.