Reported about 1 year ago
Apple announced the discontinuation of its 'buy now, pay later' (BNPL) service in the US and revealed plans to introduce a new loan program that will offer installment loans through credit, debit cards, and lenders via Apple Pay. Existing users can still manage their open loans through the Wallet app. The new program aims to provide more flexibility in payment options for users globally in collaboration with Apple Pay-enabled banks and lenders.
Source: YAHOO