Apple Pay Later is lifeless, lengthy dwell Affirm loans

Apple Pay Later is kaput. The corporate confirmed to TechCrunch on Monday that it’s killing the service solely two years after first saying it at WWDC 2022 — and solely seven months after it grew to become out there to everybody within the US.

The corporate stated at its developer convention final week that loans by way of third-party service Affirm are coming to Apple Pay later this yr, so the 2 would have been redundant. “Customers within the U.S. can even be capable to apply for loans instantly by way of Affirm after they try with Apple Pay,” the corporate wrote in a newsroom publish after its WWDC keynote.

In line with TechCrunch, Pay Later is already disabled as an choice when testing with Apple Pay, and it received’t settle for any new loans shifting ahead. Nevertheless, these with present cost plans can nonetheless entry these by way of the Pockets app.

“Beginning later this yr, customers throughout the globe will be capable to entry installment loans provided by way of credit score and debit playing cards, in addition to lenders, when testing with Apple Pay,” Apple wrote in an announcement to TechCrunch. “With the introduction of this new world installment mortgage providing, we are going to now not provide Apple Pay Later within the U.S.”