Apple Pay and Wallet Services chief Jennifer Bailey is leaving the iPhone maker

Apple’s longtime head of Pay and Wallet services, Jennifer Bailey, is retiring after more than two decades at the company, marking another senior leadership transition at the iPhone maker, Bloomberg reported on Tuesday.

Apple services chief Eddy Cue announced Bailey’s departure in a staff memo. Bailey, who has served as vice president of Apple Pay since the service was launched in 2014, is set to leave the company at the end of October. She will remain available in an advisory role to support the transition, Cue said.

“Under Jennifer’s leadership, Apple Pay has changed the way hundreds of millions of our users pay,” Cue said in the memo. Apple will announce a succession plan before Bailey’s departure.