Apple Discontinues Apple Pay Later: What’s Next for Installment Payments?

Apple installment payment
Image credit: Apple

Apple has officially discontinued Apple Pay Later, but a new installment payment solution is on the horizon. The move comes with the promise of a more flexible and globally accessible service.

The End of Apple Pay Later

Apple Pay Later, introduced at WWDC 2022 and launched in the U.S. in March 2023, allowed users to split payments into installments without additional fees or interest. Initially available to a limited group, it expanded to all U.S. users by October 2023, supporting payments between $75 and $1,000.

On Monday, Apple confirmed to 9to5Mac that it has stopped offering Apple Pay Later. However, existing users can still manage their remaining loans through the Wallet app.

A New Global Service Coming Soon

Later this year, Apple plans to introduce a new service enabling installment loans through credit and debit cards, as well as through various lenders, during checkout with Apple Pay. This service is set to be available globally, marking a significant expansion from the U.S.-only Apple Pay Later.

Apple emphasized their commitment to providing secure and private payment options. This new solution aims to bring flexible payment methods to more users worldwide, collaborating with Apple Pay-enabled banks and lenders.

Upcoming Features and Partnerships

At this year’s WWDC, Apple unveiled several new payment-related features. These include “Tap to Cash,” allowing users to send cash by holding their phones together. Apple also partnered with fintech company Affirm to offer installment loans for eligible credit and debit cards. These features will roll out with iOS 18, scheduled to launch in the fall alongside new iPhones.


While Apple Pay Later is no longer available, Apple is gearing up to launch a new, globally accessible installment payment service. This initiative, combined with other innovative payment features, underscores Apple’s ongoing commitment to enhancing user-friendly financial solutions.

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