Apple has decided to shut down its Apple Pay Later service, something that never fit the company to begin with.
Apple Pay Later has only been around for a little more than a year, but the company is already shutting down its Buy Now, Pay Later service. After announcing it at WWDC 2022, Apple launched the installment loan service in March 2023. In a statement to 9to5Mac, the company confirmed that it is shutting down the Buy Now, Pay Later service immediately — the shutdown goes into effect today. So, if you go to buy something using Apple Pay, you'll no longer see the option to use Apple Pay Later.
The ability to redeem rewards for a purchase with Apple Pay will be available beginning in the U.S. with Discover and Synchrony, and across Apple Pay issuers with Fiserv. The ability to access installments from credit and debit cards with Apple Pay will roll out starting in Australia with ANZ; in Spain with CaixaBank; in the U.K. with HSBC and Monzo; and in the U.S. with Citi, Synchrony, and issuers with Fiserv. Users in the U.S.
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