Thursday, 3 April, 2025

Visa Offers $100 Million to Replace Mastercard as Apple's Credit Card Partner

Visa has reportedly offered Apple approximately $100 million to become the new payment network for the Apple Card, aiming to replace Mastercard. This move comes as Goldman Sachs plans to exit its consumer lending partnership with Apple. American Express is also competing for the role, seeking to serve as both issuer and network for the Apple Card. The selected network stands to benefit from Apple's significant influence in consumer finance. ​