Apple ‘Pay Later’ Discontinued As New BNPL Scheme Shifts Consumer Debt Risk To Affirm | ZeroHedge
Apple has ended 'Apple Pay Later,' the buy now, pay later (BNPL) service launched in the US early last year. The change went into effect today, according to 9to5Mac. Users with outstanding BNPL debt can still manage payments in the app. This comes ahead of Apple's new BNPL service with Affirm, which is expected to launch later this year.
"Apple Pay Later is no longer offering new loans. Existing Apple Pay Later loans and purchases are not affected," (more…)