Apple Pay Later is dead, long live Affirm loans

Apple Pay Later is kaput. The company confirmed to TechCrunch on Monday that it’s killing the service only two years after first announcing it at WWDC 2022 — and only seven months after it became available to everyone in the US.

The company said at its developer conference last week that loans through third-party service Affirm are coming to Apple Pay later this year, so the two would have been redundant. “Users in the U.S. will also be able to apply for loans directly through Affirm when they check out with Apple Pay,” the company wrote in a newsroom post after its WWDC keynote.

According to TechCrunch, Pay Later is already disabled as an option when checking out with Apple Pay, and it won’t accept any new loans moving forward. However, those with current payment plans can still access those through the Wallet app.

“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,” Apple wrote in a statement to TechCrunch. “With the introduction of this new global installment loan offering, we will no longer offer Apple Pay Later in the U.S.”