Apple and Goldman Sachs reportedly developing a credit card together

Apple could be looking to expand Apple Pay beyond phone-based NFC payments. The company is reportedly working on an Apple Pay-branded credit card, which is being developed in partnership with Goldman Sachs.

The report comes from The Wall Street Journal and notes that the partnership between the two will extend to other services. For example, Goldman Sachs will reportedly offer in-store loans to Apple customers who are buying new products. According to the report, the two are still deciding on the specific terms of the deal, but Apple is aiming to release the card to customers as soon as early 2019.

Of course, Apple does already offer an Apple Rewards credit card with Barclays, but the deal with Goldman Sachs is reportedly aimed at offering customers a cheaper financing deal. The new card will replace the old card as the official Apple Rewards credit card.

Apple is said to be shifting its focus toward growing businesses, and Apple Pay is one of those businesses. It’s believed that the deal with Goldman Sachs could help Apple expand awareness about Apple Pay. According to recent reports, only around 16 percent of iPhone users around the world use Apple Pay — though researchers expect widespread adoption of mobile payments in the next three to five years. Apple Pay first launched in 2014, though at the time it was only available for a few banks, and only in the U.S. Since then it has grown to dozens of countries around the world, with support for even more banks and financial institutions.

Still, the service received pushback from the likes of Target and Walmart, which are attempting to develop their own mobile payment systems. There are also other mobile payment services, from companies like Google, PayPal, and so on. Apple, however, says it’s not too worried about slow adoption — last spring the company noted that it thought mobile payments were on track to become users’ primary payment system.

We’ll have to wait and see exactly what the Apple Pay-branded card ends up looking like and whether it’s linked to Apple Pay in more than just branding. As mentioned, we may not have to wait long — early 2019 seems to be the current target release date.

Apple

Apple’s Netflix competitor Apple TV Plus headlines a barrage of new services

Apple's It's Show Time event in Cupertino, California, is officially over, with the tech giant announcing a new video-streaming service to compete with Netflix and Amazon, a new way to subscribe to paid news outlets, and more.
Apple

Apple Pay will be available at 70 percent of U.S. retail locations this year

Apple Pay is growing rapidly, so we've built a list of all the vendors, retailers, and companies worldwide that plan to support Apple's burgeoning mobile payment platform or already do.
Mobile

Apple Card is a credit card you can sign up for and start using with your iPhone

Apple is getting into the credit card business. Apple Card is a credit card you can sign up for directly on your iPhone, and it doesn't have fees. There's a lower interest rate and you can even get Daily Cash from all purchases.
Movies & TV

Apple teases Monday’s big event with an early look into Steve Jobs Theater

Apple is gearing up for a big event on Monday where it's expected to unveil a video-streaming service. But more than 12 hours before it starts, the company has apparently already cranked up the event's livestream ...
Mobile

Scientists wreck a smartphone in a blender, but not just for fun

It’s oddly mesmerizing to watch a smartphone get torn apart inside a blender. Researchers recently did just that in a bid to find out which materials make up a handset, and also to encourage people to think more about recycling.
Movies & TV

Apple’s next big event is minutes away: Here’s what you can expect

Apple's next big event takes place on March 25 in Cupertino, California. The company is expected to make several announcements related to its services, including Apple TV, so follow our guide to get ready for the big event.
Wearables

This $76,000 Grand Seiko watch has something in common with a plug-in hybrid car

How can a watch that costs $76,000 possibly have anything in a common with any car, let alone a plug-in hybrid? It's all about the complex, technically incredible Spring Drive movement inside this Grand Seiko watch.
Deals

The excellent Apple iPad gets even deeper price cuts on Amazon

The humble iPad from 2018 is still one of the best tablets around -- and a solid choice for most people. Amazon has seen some great price drops for these tablets recently, and now you can own an iPad for even less than before.
Mobile

More than a screenshot: How to record the screen on an Android device

If you've ever want to record video of your Android screen, there are plenty of apps that can help. Here's an easy guide on how to record the screen on an Android device with the right settings and apps.
Apple

Apple March 2019 Event Coverage

Apple’s next event will take place March 25 at the Steve Jobs Theater in Cupertino, California at 10 a.m. PT. We’ve got a handy guide on how to watch, but don’t expect to see any new iPads, iMacs, or AirPods at the show, all of…
Product Review

Want to see how powerful the Snapdragon 855 chip is? Just rev up the Xiaomi Mi 9

How fast do you want to go? If the answer to this is “as fast as possible,” then take a long look at the Xiaomi Mi 9. It’s one of the highest performance smartphones you can buy. It’s a real monster, and we’ve been using it.
Gaming

Apple Arcade might be the new game subscription service worth signing up for

Apple Arcade will launch this fall bringing a new game-subscription service with cross-platform support for iOS, Mac, and Apple TV. At launch, the service will feature more than 100 exclusive games, with more added to the service regularly.
Mobile

Check out 22 of the best iPhone 7 cases and covers for your shiny new phone

The iPhone 7 might be attractive, but it’s not rugged. To keep your device in pristine condition, you really need to think about proper protection. That's why we've rounded up some of the best iPhone 7 cases and covers available.
Mobile

Apple's iOS 12.2 brings support for Apple News Plus and new AirPlay 2 features

After months of betas, the final version of iOS 12 is here to download. The latest OS comes along with tons of new capabilities, from grouped notifications to Siri Shortcuts. Here are all the features you'll find in iOS 12.