Apple Ends Apple Pay Later Service Amidst Growing Competition
Apple has discontinued its Apple Pay Later installment payment service just over a year after its launch, aiming to shift the responsibility to banks. The move comes as Apple faced increasing competition in the buy now, pay later sector, notably from Klarna.
Customers are now anticipated to see the introduction of installment payment options globally by the year's end, as Apple transitions away from its prior payment model.
The press radar on this topic:
Apple withdraws from loans by cancelling its interest-free deferred payment service
Apple shuts down Later-Pay service | heise online
Apple shuts down Later-Pay service | heise online
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