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Apple is discontinuing Apple Pay Later, but a replacement is coming
Apple Pay Later out, installment loans in.
Introduced at WWDC 2022 and launched in March 2023 in the U.S., Apple Pay Later was a service allowing users to split payments into installments without additional fees or interest. While we don't know the terms or the exact launch date for this new service, Apple did say "users across the globe," meaning it should be available globally, instead of only in the U.S. "Our focus continues to be on providing our users with access to easy, secure and private payment options with Apple Pay, and this solution will enable us to bring flexible payments to more users, in more places across the globe, in collaboration with Apple Pay enabled banks and lenders," the company said.
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