Apple has announced significant updates to Apple Pay as it celebrates a decade of the service. Starting today, users in the U.S. and U.K. can redeem rewards and access installment loans through partnerships with Klarna, Affirm, and Monzo Flex. Future expansions will include credit card loan options from Citi and Synchrony, and additional countries like Canada, Australia, and Spain will also see these features. Apple aims to replace physical wallets with digital alternatives, enhancing connectivity between consumers and their banking partners. Millions now utilize Apple Pay across 78 markets globally.