Apple is ending its in-house purchase now, pay later scheme within the US, which it launched simply final yr.
The expertise big says it can now supply clients cost plans by way of third-party credit score and debit card lenders.
Present debtors will be capable of proceed managing funds utilizing Apple’s Pockets app.
The choice marks a retreat for Apple from plans to supply conventional monetary companies.
Apple Pay Later customers within the US may break up the price of purchases price as much as $1,000 (£788) into 4 instalments over six weeks with out having to pay curiosity or charges.
The scheme represented a transfer into offering monetary companies, with Apple successfully providing clients loans, as a substitute of resorting to banks and different conventional lenders.
The corporate used a brand new subsidiary, Apple Financing, to situation the loans.
It got here at a time when US rates of interest had been near zero, making each borrowing rather more enticing.
Nonetheless, as central banks put up charges to sort out rising costs, such plans turned much less interesting.
Throughout its annual developer occasion final week, Apple introduced that it will be partnering with banks , together with Citi within the US, HSBC within the UK and ANZ in Australia, to supply instalment cost choices.
The brand new cost choices might be made accessible on its upcoming iOS 18 working system, which is anticipated to be launched later this yr.