Apple partners with Goldman to launch joint credit card

Apple has partnered with Goldman Sachs to launch a joint credit card, reports out today have stated.

The card would have Apple Pay's branding and could come out as early as next year.

The report in the Wall Street Journal stated that if the deal went through, Apple would replace its rewards-card agreement with Barclays.

iPhone maker Apple has turned its attention onto services including on the App Store, mobile payment and music streaming recently, as the unit's revenue grew more than 31 per cent to over $9bn.

Meanwhile, Goldman has set its sights on expanding its consumer banking business, as last year its top dogs set a target of growing revenue in new sources, including consumer banking, by $5bn.

Goldman declined to comment. Apple have been contacted for comment.

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CityAM

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