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 provider best two years after first announcing it at WWDC 2022 — and best seven months after it became available to everyone in the US.

The corporate mentioned at its developer conference last week that loans via third-party provider Confirm are coming to Apple Pay later this yr, so the 2 would were redundant. “Users in the U.S. will also be able to apply for loans directly through Affirm when they check out with Apple Pay,” the corporate wrote in a newsroom submit after its WWDC keynote.

In line with TechCrunch, Pay Later is already disabled as an choice when testing with Apple Pay, and it gained’t settle for any new loans transferring ahead. On the other hand, the ones with present cost plans can nonetheless get right of entry to the ones during the Pockets app.

“Starting later this year, users across the globe will be able to access installment loans offered through credit and debit cards, as well as lenders, when checking out with Apple Pay,” Apple wrote in a remark to TechCrunch. “With the introduction of this new global installment loan offering, we will no longer offer Apple Pay Later in the U.S.”