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 mentioned at its developer conference last week that loans by way of third-party service Affirm are coming to Apple Pay later this 12 months, so the 2 would have been redundant. “Customers within the U.S. can even have the ability to apply for loans straight by way of Affirm once they try with Apple Pay,” the corporate wrote in a newsroom publish after its WWDC keynote.

In keeping with TechCrunch, Pay Later is already disabled as an possibility 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 12 months, customers throughout the globe will have the ability to entry installment loans supplied by way of credit score and debit playing cards, in addition to lenders, when trying out with Apple Pay,” Apple wrote in an announcement to TechCrunch. “With the introduction of this new international installment mortgage providing, we are going to now not provide Apple Pay Later within the U.S.”