Apple is in talks with Barclays and Synchrony Financial about replacing Goldman Sachs as its Apple Card partner
Today’s report from Reuters cites sources familiar with the matter and says Apple is in talks with Barclays and Synchrony Financial about taking over the Apple Card agreement. Of note, Apple currently works with Barclays to provide financing in the UK. The Wall Street Journal previously reported that Apple is in talks with JP Morgan Chase and Capitol One about taking over the partnership. At this point, it’s unclear who the front runner is to replace Goldman as the backer of Apple Card. Goldman is also Apple’s partner for the Apple Card Savings Account. Goldman’s agreement with Apple runs until 2030, but Solomon has confirmed there is “some possibility that it won’t continue until that time frame.”