Apple Pay Later is dead, long live 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 announcing it at WWDC 2022 — and solely seven months after it became available to everyone in the US.

The corporate stated at its developer conference last 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. will even be capable of apply for loans straight by way of Affirm after they try with Apple Pay,” the corporate wrote in a newsroom submit after its WWDC keynote.

In keeping with TechCrunch, Pay Later is already disabled as an choice when trying out with Apple Pay, and it gained’t settle for any new loans shifting ahead. Nonetheless, these with present fee plans can nonetheless entry these by way of the Pockets app.

“Beginning later this yr, customers throughout the globe will be capable of entry installment loans provided by way of credit score and debit playing cards, in addition to lenders, when trying out with Apple Pay,” Apple wrote in a press release to TechCrunch. “With the introduction of this new world installment mortgage providing, we’ll now not supply Apple Pay Later within the U.S.”