Apple is discontinuing Apple Pay Later, the buy now, pay later feature that it just launched last October. Apple Pay Later is being discontinued as of today, but people who have existing Apple Pay Later loans will be able to continue to pay them off and manage them through...
Apple Pay Later (APL) service is currently discontinued. There are references to it in some support material and probably in older software. Apple is turning instead to current BNPL services. They require the device be on iOS 18.x.x and if they accept Apple Cash is up to their terms and...
Apple has discontinued any new Apple Pay Later loans, but customers who have existing Apple Pay Later loans will be able to manage them inside Apple Pay.
I tend to agree, but only for long-term zero percent interest (i.e. 6 months or more). For example I used Affirm for a $1,000+ purchase not long ago, paid...
One of the main reasons Apple discontinued its Pay Later service is the current high-interest rate environment. Central banks, including the Federal Reserve, have hiked their benchmark interest rates to over 5% recently—the highest in more than a decade. ...
Apple Pay is a digital payment service launched by Appleover a decade agoin 2014. Apple Pay makes it possible to complete payments on aniPhonewithout the use of a physical card, offering added convenience. While Apple had ambitious plans for Apple Pay Later, the companydiscontinuedthe pay-later...
After Apple discontinued itsshort-livedApple Pay Later service last year, it picked up several third-party BNPL options instead, includingKlarnaand Affirm. BNPL usage has beenon the rise, and surveys have indicated thatusers have overspent and missed payments. Last year, theConsumer Financial...
Apple also discontinued its Apple Pay Later service earlier this year, a possible indication that the company is reassessing its financial products. Initially announced in 2022, Apple Pay Later was a Buy Now Pay Later service that allowed customers to split payments into multiple smaller installments...
Members of theApple Payteam who oversaw the project have since been reassigned to other projects. The team alsodiscontinuedthe Apple Pay Later program earlier this year, just months after its launch. Apple was supposed to finance the loans for the rumored hardware subscription service through metho...
Apple today introduced the iPhone 16e, its newest entry-level smartphone. The device succeeds the third-generation iPhone SE, which has now been discontinued. The iPhone 16e features a larger 6.1-inch OLED display, up from a 4.7-inch LCD on the iPhone SE. The display has a notch for Face...