VentureBeat
Apple and Goldman Sachs are planning to offer an Apple Pay-branded credit card and in-store loans to Apple Store customers, the Wall Street Journal reports today. Expected to launch in 2019, the Apple-Goldman deal appears set to extend Apple’s profits from the lucrative financial services business, and mark the end of its credit card offering with Barclays, which started in 2005.
The Journal’s report says that “Apple and Goldman are still hashing out the terms and benefits of the planned card including the perks for customers.” Previously, Barclays offered interest-free financing for Apple devices as a benefit, with a perk of points that can be used to purchase Apple gift cards. Apple reportedly gave up a per-cardholder bounty of $100 or more per new account in order to offer the interest-free financing deal, but could change that arrangement with Goldman.
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