Apple Pay Later Is Shutting Down, Report Says

Two years after it was unveiled and less than a year after it rolled out in the US, Apple's Pay Later feature is being shut down, according a report Monday from 9to5Mac. The Apple Pay feature allowed users to take out loans and pay for purchases from $50 to $1,000 in four installments. The service, offered in cooperation with Mastercard and Goldman Sachs would be replaced by a built-in feature in the upcoming iOS 18 that allows for third-party buy now, pay later loan companies such as Affirm to do the same, ...