Just a little over half a year since it was fully released to all U.S. customers, Apple is shutting down its installment loan Apple Pay Later service. In a statement to 9to5Mac, the company said customers will now instead see installment loans “offered through credit and debit cards, as well as lenders” when checking out.Apple Pay Later first started making its way to “randomly selected” customers in the U.S in March 2023 after being announced at WWDC a year prior. The feature existed directly in Apple Wallet, and though Apple said it allowed users to apply for a loan “with no impact to their credit,” fine print said loan and payment history “may be reported to credit bureaus and impact thei
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