26 May 2018
visit www.ebaday.com

Apple partners Goldman Sachs on credit card - WSJ

10 May 2018  |  9832 views  |  0 Apple Pay on tube

Apple is teaming up with Goldman Sachs to launch an Apple Pay-branded credit card next year, according to the Wall Street Journal.

Goldman replaces Barclays as Apple's credit card partner in a relationship which could also see the bank offer in-store loans to people buying Apple products, says the Journal, citing sources.

The move sees Apple step up its efforts to crack payments, an area in which it has worked hard, with mixed success, to gain a foothold in the last few years. Recent research from LoupVentures found that while the number of active Apple Pay users and transaction numbers have risen sharply in the last year, only 16% of global iPhone users have turned on the service.

For Goldman, the tie-up represents a first foray into consumer credit cards as it continues to diversify into retail services. Last month it bought PFM startup Clarity Money, bringing one million new customers to its new online lending startup Marcus.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Goldman Sachs and BBVA-backed Propel lead £13.6m financing in mortgage startup Trussle

Goldman Sachs and BBVA-backed Propel lead £13.6m financing in mortgage startup Trussle

09 May 2018  |  8107 views  |  0 comments | 5 tweets | 4 linkedin
Goldman Sachs acquires PFM startup Clarity Money

Goldman Sachs acquires PFM startup Clarity Money

16 April 2018  |  9629 views  |  0 comments | 9 tweets | 10 linkedin
Apple Pay Cash launches in beta

Apple Pay Cash launches in beta

07 November 2017  |  7758 views  |  0 comments | 12 tweets | 25 linkedin
Apple P2P payments service nears launch

Apple P2P payments service nears launch

18 September 2017  |  13174 views  |  0 comments | 20 tweets | 27 linkedin
iPhone X gets Face ID for Apple Pay

iPhone X gets Face ID for Apple Pay

12 September 2017  |  11858 views  |  0 comments | 11 tweets | 23 linkedin
Goldman eyes UK consumer banking market for savings account launch

Goldman eyes UK consumer banking market for savings account launch

11 September 2017  |  5661 views  |  1 comments | 8 tweets | 10 linkedin
Three years on from Apple Pay launch, mobile wallets gain momentum

Three years on from Apple Pay launch, mobile wallets gain momentum

05 September 2017  |  13135 views  |  4 comments | 19 tweets | 25 linkedin
Goldman Sachs aims for mass affluent with digital lending programme

Goldman Sachs aims for mass affluent with digital lending programme

28 July 2017  |  7872 views  |  0 comments | 7 tweets | 8 linkedin
Apple Pay picks up 1 million new users a week; comes to ANZ customers

Apple Pay picks up 1 million new users a week; comes to ANZ customers

27 April 2016  |  14036 views  |  0 comments | 20 tweets | 22 linkedin
Apple takes lion's share of US contactless payments

Apple takes lion's share of US contactless payments

28 January 2015  |  14308 views  |  10 comments | 34 tweets | 28 linkedin

Related company news

 

Related company information

Goldman Sachs

Related blogs

Create a blog about this story (membership required)
Visit www.niceactimize.comVisit iliad-solutions.com/Visit response.ncr.com

Who is commenting?

Top topics

Most viewed Most shared
satelliteAnt Financial provides tech for China Ever...
24153 views comments | 3 tweets | 2 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
8715 views comments | 18 tweets | 26 linkedin
MUFG to roll out blockchain payment network next yearMUFG to roll out blockchain payment networ...
7457 views comments | 13 tweets | 13 linkedin
There are some things you just can't do with an appThere are some things you just can't do wi...
6613 views comments | 9 tweets | 15 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job