Apple said it would no longer issue loans which enabled customers to buy products online and pay in four interest-free installments, at prices up to $1,000.
Apple said on Monday that it has stopped issuing loans through Apple Pay Later, its buy-now-pay-later program that launched last year.
Apple said users who wanted installment plans at checkout would gain access to them through other financial intermediaries, in more countries around the world than Apple Pay Later, which was only available in the U.S.
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