It’s 2025 and the Apple Card saga is still unfolding. last year, Reports have emerged of talks between… Shares of Apple and JPMorgan Chase rose, which may indicate a move away from current issuer Goldman Sachs. Now, a new player is joining the mix, while Goldman Sachs appears keen to exit, especially after that Mistakes by Apple Card led to more than $89 million in fines for both Apple and Goldman last year A new report reveals that Apple is in discussions with Barclays to acquire Goldman Sachs as a credit card partner, according to two sources familiar with the matter. This comes as the Wall Street giant withdraws from its consumer financing plans. In addition, Synchrony Financial, a credit card issuer, is also said to be in talks with Apple about a potential partnership, according to one of the sources. Many financial companies are competing to replace Goldman Sachs, which partnered with Apple to launch the credit card back in 2019. 2019, according to sources. While the appeal of working with Apple, one of the world’s most recognizable names, is strong, some lenders viewed the initial terms of the deal as risky and unprofitable. Talks between Apple and Barclays have been taking place for months, but it could still take some time before the agreement is finalized.

As previously mentioned, JPMorgan Chase has also been in discussions with Apple about a partnership since last year. Although Goldman Sachs’s deal with Apple lasts until 2030, Goldman Sachs CEO David Solomon It was recently suggested that the collaboration could end early. So, it’s no surprise that conversations with other potential partners are well underway.