6Lun·

Visa, American Express Bidding to Win Apple Credit-Card Network

Visa has made Apple an offer of around 100 million dollars to secure the Apple Card. The background to this is that Goldman Sachs is withdrawing from the consumer credit business and the card will be reissued. In addition to Visa also fight American Express and Mastercard for the role of card network. Visa has made an aggressive offer, while American Express is competing as both issuer and network. Mastercard wants to retain its position as a network. The deal would be the end of Goldman's Goldman's failed attempt in the consumer credit business, which Apple which is worth around 20 billion dollars.


$V (-2,33 %)
$MA (-2,02 %)
$AXP (-3,64 %)
$AAPL (-4,63 %)
$GS (-2,43 %)


Source: https://www.tradingview.com/news/DJN_DN20250401009397:0/

8
5 Comentarios

Imagen de perfil
20 billion a year?? The question is what the margin is on the deal
Imagen de perfil
I worked at AXP for several years and many people have failed with credit cards. There are enough banks that don't offer them. The credit risk, fraud risk, regulation,... is very special in this area. Good luck to whoever gets the portfolio. If GS has done this for the first time, it's probably pretty garbage.
Ver todas las 3 respuestas adicionales
Únase a la conversación