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The Apple Pay Later service was shut down just months after its full launch in the US

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In June 2023, during its Worldwide Developers Conference, Apple announced a new feature as part of its Apple Pay financial service called Apple Pay Later. It was the last service that allowed consumers to pay for products in multiple installments with no interest or fees. The plan was to add Apple Pay Plan as part of the iOS 16 launch in the fall of 2022. However, this did not happen, and unconfirmed rumors at the time said that the company was facing major technical problems with the addition of the feature.

In March 2023, Apple Pay Later became available as an “early version” for some iOS users in the US. It was finally and officially launched in the US in October 2023. However, today, a week after WWDC 2024, Apple confirmed the date of Apple Pay Later ended.

In a statement sent to 9to5Mac An Apple spokesperson revealed that a new program to offer iOS owners loan payments from credit and debit card companies, along with other money lenders, is coming to Apple Pay sometime later in 2024. The statement added:

With the introduction of this new global payday loan, we will no longer offer Apple Pay Later in the U.S. Our focus continues to be on giving our users access to easy, secure and private payment options with Apple Pay, and this solution will allow us to bring flexible payments to more users, in more places around The world, in partnership with banks and lenders that enable Apple Pay.

Additionally, 9to5Mac reports that any iOS owner who still needs to pay their Apple Pay Later agreements can continue to do so using the Apple Wallet app.

While Apple Pay Later has never expanded beyond the US, the new loan payment systems arriving later this year will be available in a number of different countries, including the US, UK, Australia and Spain.

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