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Apple to end credit card partnership with Goldman Sachs: Report
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Apple is pulling the plug on its credit card partnership with Goldman Sachs Group, the Wall Street Journal reported on Tuesday.
The tech giant recently sent a proposal to the Wall Street bank to exit the contract in the next 12 to 15 months, the report said, citing people briefed on the matter. Apple and Goldman had started to roll out a virtual credit card in 2019.
The exit would cover their entire consumer partnership, including the savings account rolled out this year, the report added.
The iPhone maker, when asked about the report, said: «Apple and Goldman Sachs are focused on providing an incredible experience for our customers to help them lead healthier financial lives.
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