Apple CEO Cook: Apple Pay Later Buy-and-pay function will be launched soon

CTOnews.com, February 3 (Xinhua)-- Apple CEO Tim Cook told CNBC ahead of today's earnings call for the first quarter of 2023 that the Apple Pay Later service Apple is preparing will be launched "soon."

Cook said Apple employees are testing the Apple Pay Later function, which will help Apple increase revenue from its services. "it will be launched soon," Cook said.

CTOnews.com learned that Apple first unveiled Apple Pay Later at the Global developer Conference in June last year. The service provides "buy and pay", and the Apple Pay Later service allows iPhone and Mac users in the United States to pay in four installments within six weeks without paying additional interest or fees. The service will be used online and offline by any store that supports Apple Pay and will be run through the MasterCard network. When users use Apple Pay to shop, they can choose to split the fee, and the purchase page will specify the amount of personal payment and the due time.