CWEB – Apple Cuts Ties With Barclays Bank

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Apple Cuts Ties With Barclays Bank – CWEB.com

Leslie Cohen
Managing Editor.

Apple Inc. (NASDAQ:AAPL) partnering with the investment bank Goldman Sachs to launch of a new joint venture credit card that will use Apple Pay branding. The card could be available in early 2019.

This partnership will terminate its partnership with Barclays. The Barclays card offered an Apple rewards program.  The new Goldman Sachs bank partnership will offer in-store loans for Apple customers purchasing iPhones and Apple products.

The use of digital wallets is increasing. 16 percent of global iPhone owners were reported to have activated Apple Pay.

Apple AAPL (NASDAQ) has been an outstanding stock. As of today 5/18-2018 it has reached a new high of 189.98+2.62 (+1.40%) As of 1:11PM EDT. Market open.

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