Reported 8 months ago
Apple is discontinuing its in-house buy now, pay later service, but plans to introduce a new offering through third-party partners like Affirm later this year. The buy now, pay later trend saw significant growth during the pandemic, with Apple Pay users now being able to access installment loan options through Affirm directly. Analysts speculate that Apple's move will allow them to maintain a stronger relationship with customers by offering flexible payment solutions through Apple Pay.
Source: YAHOO