Apple scraps its Pay Later loan scheme

By 2024-06-18Science & Tech

Apple is ending its in-house buy now, pay later scheme in the US, which it launched just last year.

The technology giant says it will now offer customers payment plans through third-party credit and debit card lenders.

Existing borrowers will be able to continue managing payments using Apple’s Wallet app.

The decision marks a retreat for Apple from plans to offer traditional financial services.

Apple Pay Later users in the US could break up the cost of purchases worth up to $1 ... Read even more

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