FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly//File Photo/File Photo/File Photo

Goldman Sachs may exit partnership with Apple

Goldman Sachs is considering exiting its partnership with Apple, the Wall Street Journal reported on Friday, citing sources familiar with the matter.

The iPhone-maker and Goldman Sachs started rolling out a virtual credit card in 2019.

The bank is in talks with American Express to take over its Apple credit card and other ventures with the tech giant, the report added.
FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly//File Photo/File Photo/File Photo
Apple in March launched its “buy now, pay later” service in the United States enabled through the Mastercard Installments program, with Goldman Sachs as the issuer of the Mastercard payment credential.

Apple credit card, which is made out of titanium and no visible number, currently offers 3% daily cash back to spend or save, Apple’s website said. It also offers interest-free monthly installments on purchases of Apple devices.

Thomas Hardy

Thomas Hardy oversees editorial content, feature writing, and long-form storytelling at TEDxMagazine. He focuses on delivering clear and engaging coverage across culture, society, and global perspectives. With a strong background in writing and narrative depth, he brings a structured, reader-focused approach that simplifies complex topics. His work emphasizes clarity, insight, and compelling storytelling for a modern digital audience.

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