Apple discontinues its ‘Pay Later’ service ahead of expanded loan offerings

Back in March 2023, Apple announced a new feature for Apple Pay that lets shoppers split purchases between $50 and $1,000 into four payments spread out over six weeks with no interest or fees. A little over a year later, however, Apple has announced that it is discontinuing the service. According to 9to5Mac, customers looking to use a pay later service can look forward to “installment loans” offered at checkout when using Apple Pay. It sounds like there will

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