Apple ditches Pay Later loan scheme

Apple has confirmed that it is ditching its Pay Later interest-free loan scheme mere months after its arrival. Starting from June 17 (that’s yesterday), Apple has confirmed that it will no longer offer its Pay Later loan service to customers. This comes in the wake of last week’s WWDC event, at which Apple announced an addition to its Apple Pay service that would enable users to access “installment loan offerings from eligible credit or debit cards”. At the time,

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