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News: Apple Discontinued Pay Later Feature -

Apple is no longer offering new loans through Apple Pay Later, its buy-now-pay-later program. The service was first announced in 2022 and became available in the U.S. in 2023. Pay Later allowed users to split purchases between $50 and $1,000 intro four payments spread over six weeks with no interest fees.

Apple Pay later will be replaced by a built-in feature in the upcoming iOS 18. The new loan program will allow users to access installment loans offered through credit and debit cards, as well as lenders, when checking out with Apple Pay. New installment loans will be available in more countries around the world, not only in the U.S., like it was with Apple Pay Later.

"The ability to access installments from credit and debit cards with Apple Pay will roll out starting in Australia with ANZ; in Spain with CaixaBank; in the U.K. with HSBC and Monzo; and in the U.S. with Citi, Synchrony, and issuers with Fiserv," Apple noted last week. "Users in the U.S. will also be able to apply for loans directly through Affirm when they check out with Apple Pay."

Those users who already have open loans through Apple Pay Later, will continue to have access to Pay Later features to manage and pay their loans via the Wallet app.