Apple Joins Hands With Goldman Sachs For Credit Card

Representational Image - Sakshi Post

Apple has reportedly partnered with investment bank Goldman Sachs and might release a credit card next year, a media report said.A report in Wall Street Journal claimed that the new credit card -- which marks the end of Apple's credit card partnership with Barclays -- would use the Apple Pay branding.Goldman Sachs would also offer in-store loans to Apple customers, the report said.The move follows Goldman Sachs acquisition of the team behind Final, a credit card startup.

Final's dozen employees later joined Goldman's new Consumer and Commercial Banking division.Goldman Sachs has a partnership with American Express and its Platinum card. This would be its first foray into consumer credit cards.For Apple, the move is expected to increase user adoption of Apple Pay.


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