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Apple Pay Later is gone, Affirm loans remain

by xyonent
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Apple Pay Later has gone bankrupt. Confirmed To TechCrunch The company announced on Monday that it would shut down the service, just two years after it was first announced at WWDC 2022 and just seven months after it was publicly released in the US.

The company said at its developer conference last week that loans through the third-party service Affirm will be coming to Apple Pay later this year, so there was some overlap between the two. “Users in the U.S. can also apply for a loan directly through Affirm when checking out with Apple Pay,” the company said. I have written In a newsroom post after the WWDC keynote.

according to TechCrunchThe “Pay Later” option when checking out with Apple Pay has already been disabled, and no new loans will be accepted, but anyone who currently has a payment plan can still access it through the Wallet app.

“Starting later this year, users around the world will be able to use credit and debit cards, as well as installment loans through lenders, when they make purchases with Apple Pay,” Apple said in a statement to TechCrunch. “With the launch of this new global installment loans offering, Apple Pay Later will be discontinued in the US.”

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