Goldman Sachs is likely to exit Apple Cardwhich allows payments to be made in the US. Reuters reports that Apple was in talks with Barclays and Synchrony Financial about replacing Goldman Sachs as an Apple Card partner.
Goldman Sachs has lost billions of dollars on its consumer credit card business. The company has scaled back a significant portion of its operations, including personal loans offered through the Marcus brand.
Goldman Sachs previously ended its partnership with General Motors and passed on the GM credit card to Synchrony Financial.
Goldman’s agreement with Apple was initially expected to last until 2030.
The Wall Street Journal previously reported that Apple was also in discussions with JP Morgan Chase and Capitol One. Synchrony Financial already announced its partnership with Apple on Thursday announced.
Currently, Apple Card offers attractive interest-free financing for Apple purchases and no fees are charged.
Source: www.emerce.nl
