Apple is reportedly partnering with American investment bank Goldman Sachs to introduce an ‘Apple Pay’ credit card as early as 2019.
According to The Wall Street Journal, Apple and Goldman Sachs are currently “working out the terms of the new deal” which could see perks for customers including interest-free financing on Apple devices and points toward Apple gift cards.
Apple and Goldman Sachs is also said to extend their partnership to offer in-store loans to Apple customers buying products on finance.
The partnership will extend into other services including Goldman offering in-store loans to Apple customers buying iPhones and other gadgets. – Apple and Goldman are still hashing out the terms and benefits of the planned card including the perks for customers.
According to today’s report, the new Apple Pay credit card will replace the current Apple Rewards credit card with Goldman Sachs replacing Barclays BCS as the creditor.
It’s likely the ‘Apple Pay’ credit card would only be a digital card available in the Wallet app on iOS rather than a physical plastic bank card.