Apple Lossless Audio CODEC (ALAC), intends to launch its own credit card based on Apple Pay, the American company collaborating with those from Goldman Sachs to fulfill its project. The new credit card will be based on the Apple pay platform from Apple, it will be launched on the market in 2019, the USA being the first country where it will be available.
Apple initiates a much more complex partnership with Apple, the bank will also offer loans for Apple customers in Apple Stores, the two companies are now finalizing the details of the collaboration. For those from Apple, we are talking about a first in the launch of the credit card, and this is because until now Apple Pay has been a real success, but everything will become "physical".
Apple will launch its own credit card
The Apple Pay-based Apple credit card will replace the current rewards cards that users of the platform receive from Barclays BCS. The new credit card would be launched also under the Apple Pay branding by those from Apple and Goldman Sachs, the project being an extremely interesting one, and if it is successful, it will be extended to other countries.
The partnership will extend into other services including Goldman offering in-store loans to Apple customers buying iPhones and other gadgets, an effort The Wall Street Journal reported on in February. Apple and Goldman are still hashing out the terms and benefits of the planned card including the perks for customers, these people said.
Apple only has to gain from a credit card, and that's because its users could withdraw physical money from the platform using Goldman Sachs ATMs. It is not known when this new product of the Apple company will be launched, but it is very possible that at WWDC 2019 we will see the announcement, if not it will be made earlier.
