Apple Ditches Its 'Pay Later' Loans for Affirm, Credit Card Integrations

Apple Pay Later has been discontinued less than one year after its full US rollout, the company has confirmed.

“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,” an Apple spokesperson said in a statement. “With the introduction of this new global installment loan offering, we will no longer offer Apple Pay Later in the US.”

Apple Pay Later allowed users to make a purchase and pay for it over time across four smaller payments within a six-week span. The feature was first released to select users in March last year, and became fully available in the US in October.

Apple's website now reflects a statement that says it is no longer issuing new loans. Existing users with Apple Pay Later loans will still be able to pay off and manage their loans through Apple's Wallet app, however. The Pay Later loans were Apple's answer to "buy now, pay later" options from firms like Klarna.

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Now, Apple is getting rid of its own loan product in favor of upcoming integrations with banks like Citigroup and fintech startup Affirm instead. Last week, Apple announced that iOS 18 will let iPhone users apply for Affirm loans directly within Apple Pay upon checkout and will also have integrations with Citi, Synchrony, and Fiserv. Existing debit and credit cards with split payment options will be available as well.

About Kate Irwin

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I’m a reporter covering early morning news. Prior to joining PCMag in 2024, I was a reporter and producer at Decrypt and launched its gaming vertical, GG. I have previous bylines with Input, Game Rant, and Dot Esports. I’ve been a PC gamer since The Sims (yes, the original). In 2020, I finally built my first PC with a 3090 graphics card, but also regularly use Mac and iOS devices as well. As a reporter, I’m passionate about uncovering scoops and documenting the wide world of tech and how it affects our daily lives.

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