Apparently Apple customers are not so advantageous for this bank!
As of now, nothing is confirmed, but news about possible changes to the Apple Card is already on the table. According to a new report published in the Wall Street Journal, Goldman Sachs bank wants to end its association with Applewhich includes the use of the Apple Card credit card in the United States, Apple Pay Later and the Apple Savings account for which Apple Card users are eligible.
The investment banking giant wants to reduce her consumer business since she failed, as admitted by its leader, David Solomon, in a meeting with shareholders held in February this year at the bank’s headquarters in New York, published in Forbes magazine. In short, the retail banking business with loans, credit cards and personal services has not been good for Goldman Sachs and so far they are racking up the losses.
How does this affect Apple?
Well, although the agreement between Goldman Sachs and Apple has not yet been broken, The Cupertino company would at no time be left unprotected, let alone its users. What we hear so far is that heThe bank is in talks with American Express (Amex) so that it absorbs its credit card associations, which would include the Apple Card and others such as that offered by General Motors.
Despite the dissemination of this information, American Express has not yet reached an agreement with Goldman Sachsit is therefore not known with certainty whether this new relationship will see the light of day in the future or not.
In any case, Goldman Sachs recently extended its association with Apple until the end of the decade and the company with the bitten apple is aware of the conversations that the bank has with Amex. If the agreement is confirmed, Apple will have to accept the bank transfer and also assess whether the transfer includes the same user benefits or whether there will be changes, improvements or more attractive benefits.
Exclusive use in the United States
Let’s remember that Apple Card, default for Apple Pay transactions, currently only works in the US And although they wanted to launch it in other countries, because it may have problems with the integration of promotions and regulations, this plan did not materialize.
However, those of the Cupertino company continue to carry out the studies necessary to overcome the obstacles and make this request made by other nations a reality.
