Apple is in talks with Barclays to replace Goldman Sachs as the tech giant’s credit card partner, as the Wall Street giant steps back from its consumer finance ambitions, according to Reuters. Credit card issuer Synchrony Financial is also in discussions with Apple about the card partnership.
Several financial firms are vying to replace Goldman, which launched the credit card with Apple in 2019, the sources said. While other lenders are tempted by working with Apple, one of the world’s most recognizable brands, they also viewed the original deal terms as risky and unprofitable, sources told Reuters in December 2023.
Negotiations between Apple and Barclays have been ongoing for several months, but it may still take months to strike a deal, the first source said.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
