Apple Pay Later is kaput. The corporate confirmed to TechCrunch on Monday that it’s killing the service solely two years after first announcing it at WWDC 2022 — and solely seven months after it became available to everyone in the US.
The corporate stated at its developer conference last week that loans by way of third-party service Affirm are coming to Apple Pay later this yr, so the 2 would have been redundant. “Customers within the U.S. will even be capable of apply for loans instantly by way of Affirm after they try with Apple Pay,” the corporate wrote in a newsroom put up after its WWDC keynote.
Based on TechCrunch, Pay Later is already disabled as an possibility when testing with Apple Pay, and it gained’t settle for any new loans transferring ahead. Nonetheless, these with present fee plans can nonetheless entry these by way of the Pockets app.
“Beginning later this yr, customers throughout the globe will be capable of entry installment loans supplied by way of credit score and debit playing cards, in addition to lenders, when testing with Apple Pay,” Apple wrote in an announcement to TechCrunch. “With the introduction of this new world installment mortgage providing, we’ll not supply Apple Pay Later within the U.S.”
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