Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020.
REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNov 28 (Reuters) - Apple (AAPL.O) is pulling the plug on its credit card partnership with Goldman Sachs Group (GS.N), the Wall Street Journal reported on Tuesday.
Apple and Goldman had started to roll out a virtual credit card in 2019.
The exit would cover their entire consumer partnership, including the savings account rolled out this year, the report added.
Apple in April had introduced a high-yield deposit account, which offers an annual percentage yield higher than what Goldman offers for an online savings account at its digital consumer bank, Marcus.
Persons:
Marche Saint, Gonzalo Fuentes, Goldman, Marcus, Pritam Biswas, Arsheeya, Arun Koyyur, Sherry Jacob, Phillips
Organizations:
Apple, Marche, Marche Saint Germain, REUTERS, Goldman Sachs, Wall Street, Mastercard, Thomson
Locations:
Paris, France, United States, Bengaluru