 Two years after it was unveiled, and less than a year after it rolled out in the U.S., Apple's Pay Later feature is being shut down, according to a report from 9to5Mac. The Apple Pay Later feature allowed users to take out loans and pay for purchases between $50 and $1,000 in four installments. The service, which was offered in cooperation with MasterCard and Goldman Sachs, will be replaced by a built-in feature in the upcoming iOS 18 that allows for third-party Buy Now Pay Later loan companies, such as Affirm, to do the same.