Apple ends Apple Pay Later service, shifts focus to global installment loan features

Apple is discontinuing its Apple Pay Later service in the United States. Users with existing Apple Pay Later loans can still manage them via the Wallet app.

In place of Apple Pay Later, Apple will introduce new features for Apple Pay later this year, including installment loan options from eligible credit or debit cards, as well as from Affirm, accessible globally.

Apple's statement to 9to5Mac emphasized the shift towards providing flexible payment options worldwide. These new features will allow users to view and redeem rewards, and access installment loan offerings when making purchases with Apple Pay. Initially, the installment feature will launch in Australia with ANZ, in Spain with CaixaBank, in the UK with HSBC and Monzo, and in the US with Citi and Synchrony.

Apple Pay Later was first introduced in the US in March 2023, allowing users to split purchases into four payments over six weeks without fees or interest. The new global installment options aim to provide broader access to flexible payments.