Apple is shutting down Apple Pay Later just months after launch

5 months ago 48

Apple is shutting down Apple Pay Later, its bargain now, wage aboriginal service, the institution confirmed to 9to5Mac. The service, which lets you instrumentality retired “pay later” loans that tin beryllium paid successful 4 payments implicit six weeks, lone launched afloat successful the US in October 2023. In its place, Apple says that users volition beryllium capable to use for “installment loans” from recognition cards, debit cards, and lenders erstwhile checking retired with Apple Pay aboriginal this year.

Here is Apple’s afloat unsigned statement, which was fixed to 9to5Mac:

Starting aboriginal this year, users crossed the globe volition beryllium capable to entree installment loans offered done recognition and debit cards, arsenic good arsenic lenders, erstwhile checking retired with Apple Pay. With the instauration of this caller planetary installment indebtedness offering, we volition nary longer connection Apple Pay Later successful the U.S. Our absorption continues to beryllium connected providing our users with entree to easy, unafraid and backstage outgo options with Apple Pay, and this solution volition alteration america to bring flexible payments to much users, successful much places crossed the globe, successful collaboration with Apple Pay enabled banks and lenders.

Apple didn’t instantly reply to a petition for remark from The Verge.

Apple Pay Later was primitively announced alongside iOS 16, but it wasn’t portion of the archetypal iOS 16 release. The institution rolled retired successful aboriginal entree invitations to “randomly selected users” in March 2023 earlier yet launching the work wide successful the US successful October.

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