By Apple is discontinuing its Pay Later service, reports 9to5Mac. Launched less than a year ago, Apple has already decided to terminate the service.
To recap, Apple Pay Later was introduced in the US in October last year. Available for purchases ranging from $75 to $100, the service enabled Apple users to divide their purchase into four equal installments.
According to an Apple support document, the company has ceased issuing new loans under the Pay Later service. However, existing Apple Pay Later loans will remain unaffected.
Apple to End Pay Later Service and Introduce Global Installment Loans
- Starting later this year, users worldwide will have access to installment loans through credit and debit cards, as well as lenders, when using Apple Pay at checkout.
- With the launch of this new global installment loan offering, Apple Pay Later will no longer be available in the U.S.
- Apple emphasizes its commitment to providing easy, secure, and private payment options, and this new solution will extend flexible payment options to more users in more locations, in partnership with Apple Pay-enabled banks and lenders.
- Apple users in India and other global markets will not be affected, as Apple Pay Later was exclusively available in the U.S.
Rumors of a Slimmer iPhone
- Apple is reportedly working on a slimmer version of the iPhone, potentially in the iPhone 17 series.
- Bloomberg’s Mark Gurman suggests that this could be Apple’s thinnest iPhone yet, expected to be released in 2025.
