Apple kills off its buy now, pay later service service barely a year after launch

FILE - An Apple logo adorns the facade of the downtown Brooklyn Apple store on March 14, 2020, in New York. Apple is discontinuing its buy now, pay later service known as Apple Pay Later, barely a year of it being broadly available in the U.S., and instead plans to rely on the larger companies who already dominate the industry like Affirm and Klarna. barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna.

But Apple Pay Later was only available where Apple Pay was accepted whereas the other buy now, pay later companies had deeply integrated themselves into millions of merchant websites.that it would start allowing banks to offer buy now, pay later plans to their customers through Apple Pay and Apple Wallet. Affirm would be integrated directly into Apple Wallet, and Apple customers would be able to open an Affirm account directly.

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