Apple has confirmed it is closing down its Apple Pay Later service, just months after it launched in the US in October 2023. The company plans to support loans from credit cards later this year.
Apple pay later RSS
Apple has introduced a facility for Apple customers that allows them to get loans of a maximum of $1,000 when making online or in-store purchases and divide payments into four installments.
Apple's Project Breakout to launch a next-generation financial system is facing engineering difficulties which has led to it fintech endeavors being delayed, including two that are unannounced.
The Apple Pay Later feature, which was formerly going to come with iOS 16, has missed the initial release. Although other delayed features are coming later this year, it still has no time frame.
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