Apple abruptly abandons "buy now, pay later" service amid regulatory scrutiny
Briefly

Apple has ended its 'buy now, pay later' service Apple Pay Later, replacing it with a forthcoming global installment loan offering accessible through Apple Pay.
Customers with existing Apple Pay Later loans are unaffected by the service termination, and the refund process for returns remains unaltered.
Apple announced its new installment loan program in partnership with banks such as Citi, aiming to enhance its financial services offered through Apple devices.
Read at Ars Technica
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