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Two years after it was announce at WWDC , Apple ’s U.S.-onlyPay later on featureis no more . TechCrunch has confirmed the tidings , which was first noted by9 to 5 Mac .
Here ’s the full instruction offered to TechCrunch :
start later on this year , user across the globe will be able-bodied to get at installment loanword offer up through credit and debit cards , as well as lenders , when checking out with Apple Pay . With the introduction of this new orbicular episode loan offering , we will no longer proffer Apple Pay Later in the U.S.
Our focus stay to be on providing our users with access to easy , secure and private payment options with Apple Pay , and this result will enable us to bring flexible payments to more users , in more places across the globe , in collaboration with Apple Pay enable banks and lenders .
Pay Later ’s life was extraordinarily short , having formally found in late March 2023 . Ultimately , however , the move is n’t surprising . Apple harbinger at last week’sWWDC 2024that users would be able to access loan through third - party appAffirmthrough Apple Pay .
“ The ability to get at installments from credit and debit entry cards with Apple Pay will roll out set out 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 implement for loan directly through Affirm when they check out with Apple Pay . ”
Affirm bestow of the loanword feature , “ This furnish user with extra defrayment alternative , and declare oneself the simpleness , convenience and security of Apple Pay alongside the features user make out in Affirm — tractableness , transparentness and no tardy or hidden fees . ” The feature is arriving later this yr .
start now , meanwhile , users in the U.S. have one fewer selection through Apple Pay . Pay subsequently is no longer offering new loan as of Monday , though those with current loans through the serve will still be able to pay for and manage them through Apple Wallet .
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Personal loanword number have increased in late years . The material body isup 8%since the outset of the pandemic .
