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Apple has problems with the “Apple Card”, which also offers interest income: Goldman Sachs withdraws from the partnership!

  • November 29, 2023
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The American technology giant Apple announced this a few years ago Apple card It started serving consumers like a bank with its service. The project, carried out in

The American technology giant Apple announced this a few years ago Apple card It started serving consumers like a bank with its service. The project, carried out in collaboration with Goldman Sachs, allows consumers to shop and even interest income It enabled them to obtain it. The latest news suggests that Apple may have to look for a new partner.

According to information obtained, Goldman Sachs has its relationship with Apple terminating the partnership made the decision. The reason why the giant bank gets such a reason is that it loses money. In fact, this isn’t much of a surprise, as a few weeks ago sources familiar with the subject said: similar claims They brought it up.

The collaboration between the parties will end within 12 to 15 months

According to information provided by sources familiar with the subject to news sources such as CNBC and The Wall Street Journal, the partnership between Apple and Goldman Sachs will Within 12 to 15 months It will end. Apple will look for a new partner in this process. Of course, will someone else take over the job left by Goldman Sachs, one of the largest in the world? unsure. Apple seems to be having some difficulty with this process.

However, there are a few candidates!

Among the allegations about the issue between Apple and Goldman Sachs, the names of several banks are mentioned. One of them, American Express. Goldman Sachs reportedly wants to leave the Apple Card partnership to American Express. However, American Express is reportedly still undecided for several reasons, including being loss-making. US-based financial services company Synchronous financialThere are accusations that Apple also wants to become a partner of Apple Card.

An Apple spokesperson said they would make a statement about this: “Apple and Goldman Sachs want to provide our customers with an incredible experience so they can live healthier financial lives. The award-winning Apple Card has received a lot of attention from consumers and us We will continue to innovate. We provide the best tools and services for consumers.“He used open-ended expressions.

Source: Web Tekno

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