Apple is discontinuing Apple Pay Later, the buy now, pay later feature that it just launched last October. ‌Apple Pay‌ Later is being discontinued as of today, but people who have existing ‌Apple Pay‌ Later loans will be able to continue to pay them off and manage them through the Wallet app.

Apple announced plans to end the feature in a statement provided to 9to5Mac, which also notes that customers will be able to access installment loans through their credit and debit cards with changes coming to ‌Apple Pay‌ this fall.

Starting later this year, users across the globe will be able to access installment loans offered through credit and debit cards, as well as lenders, when checking out with Apple Pay. With the introduction of this new global installment loan offering, we will no longer offer Apple Pay Later in the U.S. Our focus continues to be on providing our users with access to easy, secure and private payment options with Apple Pay, and this solution will enable us to bring flexible payments to more users, in more places across the globe, in collaboration with Apple Pay enabled banks and lenders.

‌Apple Pay‌ Later officially launched in October and only in the United States, but it had been available in a testing capacity since March 2023. Available in the Wallet app, ‌Apple Pay‌ later allowed customers to split a purchase made with ‌Apple Pay‌ into four equal payments over a six week period, with no interest or fees. ‌Apple Pay‌ Later was available on purchases made on an iOS device using ‌Apple Pay‌, and was limited to merchandise priced between $75 and $1,000. Each purchase required a separate loan application and approval.

See also  Spatial Puzzle Game 'Where Cards Fall' Now Available on Apple Vision Pro

Apple did not provide insight into why it is discontinuing ‌Apple Pay‌ Later, but it is working to unravel its partnership with Goldman Sachs, the company that handles the Apple Card, the Apple Savings account, and ‌Apple Pay‌ Later. Nixing ‌Apple Pay‌ Later means that Apple does not need to worry about replacing that functionality with a future partner.

In iOS 18, Apple will let users access installment financing options from their bank when using ‌Apple Pay‌, which will replace the ‌Apple Pay‌ Later feature that Apple is eliminating. ‌Apple Pay‌ will also gain support for viewing rewards or points balances in Wallet and redeeming them with purchases.

Popular Stories

iOS 18 Adds These 5 New Features to CarPlay

Apple did not mention CarPlay during its WWDC keynote this week, but iOS 18 includes a handful of new features for the in-car software. Overall, there is not a whole lot new for CarPlay on iOS 18, with changes seemingly limited to the Messages and Settings apps so far. Below, we recap everything new for CarPlay on iOS 18. New for CarPlay on iOS 18 1. Contact Photos in Messages App…

Here’s What’s New in Apple Wallet on iOS 18 for Event Tickets and More

iOS 18 includes a handful of enhancements to the Wallet app on the iPhone, with new features for Apple Pay, Apple Cash, event tickets, and more. Below, we outline everything new for the Wallet app on iOS 18, based on information from Apple’s press release and a WWDC 2024 coding session. Redesigned Event Tickets Event tickets have an all-new design in the Wallet app on iOS 18, complete…

See also  Vision Pro Expected to Launch Internationally Soon After Apple Unveils visionOS 2 at WWDC

Kuo: Apple Watch Series 10 to Get Larger Screen and Thinner Design

This year’s Apple Watch Series 10 will be thinner and come in larger screen sizes than previous models, according to Apple analyst Ming-Chi Kuo. In his latest industry note -10-and-98075c44ce92″>shared on Medium, Kuo said the screen size options on the next-generation Apple Watch will increase from 41mm to 45mm, and from 45mm to 49mm, while being encased in a thinner design. For reference,…

First Look at Messages via Satellite in iOS 18

Apple has been gradually expanding its suite of satellite connectivity features for iPhone, and iOS 18 brings a significant new one in the form of Messages via satellite. The feature allows users to send and receive iMessages and SMS texts, including emoji and Tapbacks, while out of range of cellular and Wi-Fi networks. CNET met up with Apple’s senior director of platform product marketing,…

You Can Give Siri a New Name With iOS 18’s Vocal Shortcuts

Apple in iOS 18 added a Vocal Shortcuts accessibility feature, and now that iOS 18 is available in a beta capacity, users have figured out that this option can be used to give Siri a new wake word. With Vocal Shortcuts, you can assign a custom phrase that Siri can understand to launch shortcuts and complete “complex tasks,” and one of the shortcuts you can set up is an alternative for “Hey…