Apple is shutting down its buy now, pay later service, Apple Pay Later, which allowed users to take out loans paid in four installments over six weeks. Launched fully in the US in October 2023, the service will be replaced by installment loans from credit cards, debit cards, and lenders later this year. Apple stated that this new offering will provide flexible payments globally in collaboration with Apple Pay-enabled banks and lenders. Existing Apple Pay Later loans will remain unaffected, but no new loans will be offered.
Read more – https://www.theverge.com/2024/6/17/24180340/apple-pay-later-shutting-down-months-after-launch
