A would partner with Goldman Sachs to launch an Apple Pay brand credit card by the beginning of next year.
The decisi alludes to the Cupertino firm's ambitis in the financial sector, and would also mark The first time Goldman Sachs ventured into credit cards Wall Street Journal reported Thursday. The card could begin as early as the first half of 2019.
It is worth noting that Apple already offers a credit card: the Apple Rewards Visa, launched in partnership with Barclays. This card benefits from interest-free financing Apple products, as well as reward points that csumers can earn and use to purchase Apple gift cards.
Journal notes that, as part of the new Goldman Sachs initiative, the Apple Pay card would replace the Barclaycard. Of course, the investment bank would also replace Barclays as Apple's creditor.
The technology giant and the investment bank are also studying other services and benefits for customers, including Goldman Sachs offering in-store loans to buyers of new Apple devices. . Although sources familiar with the subject told WSJ that the two firms ctinue to "deceive the terms and benefits" of the map.
It is unclear what form the credit card will take, but it sounds like physical plastic. It is possible, however, that Apple makes the map an exclusive Google Wallet
. The credit card is likely part of Apple's broader strategy to strengthen its Services business, which is quickly becoming e of the …