Apple announced on Monday that it will stop issuing loans through its buy-now-pay-later (BNPL) program, Apple Pay Later. Launched last year, Apple Pay Later allowed customers to buy products online and pay in four interest-free installments for purchases up to $1,000. The decision marks a significant shift in Apple’s approach to fintech services and payment solutions. Apple’s transition to third-party installment loansStarting later this year, Apple Pay users will have access to installment loans through third-party companies, such as Affirm, and credit and debit cards from issuers like Citigr…