Apple has decided to end its service “buy now, pay later” (Apple Pay Later) a little more than a year after its launch.
About this informs The Wall Street Journal.
A notice appeared on the company’s website about the suspension of issuing new loans, but this will not affect already opened loans.
Apple Pay Later allowed customers to split purchases from $50 to $1,000 into four payments over six weeks with no interest or fees.
The company said it plans to offer users the ability to apply for loans from other companies on a “buy now, pay later” basis when paying with Apple Pay.
In addition, Apple will add a scan code to help shoppers use Apple Pay online.
The European Commission plans to charge Apple with stifling competition in its mobile app store, the first time EU regulators have used new digital rules against major tech companies.
Investors of Apple Inc. finally got a roadmap for how the company will use artificial intelligence — and they responded by pushing the stock to its best week since 2021.
