1. Apple's Buy Now, Pay Later (BNPL) Loan Scheme to be Scrapped in the US
- Apple's foray into the BNPL market, known as Apple Pay Later, is set to be discontinued in the United States.
- The decision comes as the tech giant reportedly struggles to gain traction in the competitive BNPL space, which is dominated by players like Affirm, Klarna, and PayPal.

2. Challenges Faced by Apple's BNPL Offering
- Apple's BNPL service has faced challenges in gaining widespread adoption, with users reportedly finding the application and approval process overly complex.
- The company has also reportedly faced difficulties in securing the necessary regulatory approvals and partnerships to scale the service effectively.

3. Potential Shift in Focus for Apple
- The decision to scrap the BNPL service in the US may signal a shift in Apple's strategy, as the company focuses on its core hardware and software offerings.
- It remains to be seen whether Apple will continue to pursue BNPL opportunities in other markets or if this move represents a broader retreat from the financial services space.