Meanwhile, Apple would end its partnership with Barclays, which offered customers an Apple Rewards program and financing transactis through an Apple Rewards Barclaycard Visa. For the new Goldman partnership, which will replace Barclaycard, the bank is expected to offer in-store loans to Apple customers who purchase iPhes and other Apple products.
Other details of the agreement are still being decided, people familiar with the subject said, mainly including the terms and benefits of the credit card provided, "including the benefits for the customers." The Barclays / Apple card currently offers interest-free financing Apple devices and points Apple gift cards.
Apple Inc. and Goldman Sachs Group Inc. are preparing to launch a new joint credit card, an initiative that will deepen the technology giant's push into its clients' portfolios and mark the first foray into Wall Street firm in the field of plastics.
The planned card would bear the Apple Pay brand and could be launched early next year, according to what we know.
It is thought that Apple is putting more emphasis its growing service sector, of which Apple Pay is a part. and the Goldman Sachs partnership could be a way for the company to spread even more awareness about the digital wallet. In a report Apple …