Apple reportedly partnering with Goldman Sachs to introduce 'Apple Pay' credit card

Apple is reportedly working with financial giant Goldman Sachs on a credit card that would carry the iPhone maker’s digital wallet logo

The report also indicates that Goldman could offer up in-store loans for Apple customers.

Goldman has been incrementally pushing into consumer banking products. (NYSE:GS) were released by: Seekingalpha.com and their article: "New Loan Sharks Entering The Credit Card Business" published on May 10, 2018 as well as Seekingalpha.com's news article titled: "Goldman Sachs: Packing My Bags" with publication date: May 02, 2018.

Citing people familiar with the matter, the report stated that the card will carry the Apple Pay brand. (NYSE:GS). Canandaigua Natl National Bank holds 0.25% of its portfolio in The Goldman Sachs Group, Inc. But Apple Pay, which allows iPhone and Mac users to link their credit cards to their Apple account is widely used and growing quickly in the Asian Pacific region. But Apple's payment service has a long way to go. This is not the first partnership for Goldman as it has had partnerships with American Express offering Platinum cards. Apple is expected to end the partnership with Barclays, which has offered customers an Apple reward program and financing deals through a Barclaycard Apple Rewards Visa.

Several other research analysts have also issued reports on the company.

Google will remind the user to stop watching videos on YouTube
YouTube also has a "time watched profile" in the line which is said to provide an insight to the users about their viewing habits. A Youtube take a break reminder will pop up on your screen after the scheduled time, but it doesn't ruthlessly lock you out.

Once set up, you can hold your device near a contactless terminal to authorise a payment. Apple is harping on this to boost up its sale since the sale of iPhones has diminished.

On the iPhoneX, users must press the sleep/wake button twice to invoke Apple Pay. The unit's revenue grew 31 percent to more than $9 billion in the three months ended March 31.

Analysts praised a big jump in revenues in Apple's services business, which is seen as an important element of diversification away from having revenues tied to gadgets. That said, Apple's services division has been one of its largest growth drivers in recent months, so it's likely that the company is now seeking the more aggressive possible terms across multiple partners, and will continue to grow its cash pile as a result. Last month, the bank announced that it had acquired Clarity Money, a personal finance app with over 1 million customers. Terms, benefits, and other pertinent details are still being worked out between Goldman Sachs and Apple.

For Goldman Sachs, the opportunity is for expanding the investment giant's footprint into consumer banking. It could be said that through the venture with Goldman Sachs, Apple is trying to spread awareness about the digital wallet.

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