The decision comes just over a year after Apple Pay Later was introduced. Apple is ending its buy now, pay later service, just over a year after launching it. {{^adFree}} {{/adFree}}The service, called Apple Pay Later, allowed customers to split purchases between $50 and $1,000 into four payments spread over six weeks with no interest and no fees. It competed with buy now, pay later companies such as Affirm and Klarna. The company said it plans to offer a way for people to apply for buy now, pay later loans from other companies when they check out with Apple Pay, the company’s payment system.

Source: Wall Street Journal June 18, 2024 05:07 UTC