Apple Inc said on Monday it will launch a credit card with Goldman Sachs Group I...
NEW YORK - Apple Inc said on Monday it will launch a credit card with Goldman Sachs Group Inc this summer that will be synched with iPhone users’ Apple Wallet and can be used to buy Apple products at a discount.
Speaking at an event at the iPhone maker’s headquarters in Cupertino, California, Vice President for Apple Pay Jennifer Bailey said the new Apple Card service will work through the company’s wallet app Apple Pay. Cash back rewards will be credited to Apple Pay users’ accounts on a daily basis, Bailey said, and the card will not charge any international fees.
Speaking at the event, Apple Chief Executive Tim Cook said Apple Pay was on track to process 10 billion transactions this year and is accepted by 70 percent of merchants in the United States.
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