Apple Inc. recently announced the discontinuation of its Apple Pay Later program

Launched just a year ago, Apple Pay Later was a significant step for Apple into the financial services sector.

Apple Pay Later was introduced with much fanfare, offering a buy now, pay later (BNPL) solution directly through Apple’s ecosystem.

 Unlike traditional credit offerings, Apple Pay Later aimed to provide a simpler and more transparent way for consumers to manage their finances.

Despite its initial promise, Apple Pay Later phased out in favor of integrating third-party financial services into the broader Apple Pay platform