Apple will permanently shut down the Pay Later service for its customers. The company introduced this service a year ago. Apple users can access instalment loans with Apple Pay through their credit and debit cards.
Pay Later Service Will No Longer Be Used
According to a recent report by 9to5Mac, this service will not be able to be used. The company has officially announced its closure.
Apple Pay Later service was launched in the US in October last year. This service allowed its users to pay their payment in four equal parts. This service worked for purchases of 75-100 dollars.
What Will Happen To The Old Apple Pay Later Loan?
The Apple support document shows that the company has discontinued new loan offerings under the Pay Later service. However, this company decision will not affect the previous Apple Pay Later loan.
For Which Users Is Apple Service Being Discontinued
The company says that by the end of this year, global users will be able to get instalment loans with their debit and credit cards by checking out Apple Pay.
With the new global instalment loan offering, the Apple Pay Later service will be discontinued for US users.
What Will Be The Impact On Indian Customers
This company’s decision will not affect Apple users living in India. This is because Apple’s service was not present in India. It has been started only for users residing in America.
