American Express is actively competing to become the network provider for the Apple Card, as reported on April 1, 2025. This development follows Goldman Sachs' decision to exit the consumer lending world, making the Apple Card network partnership available.
The competition involves major payment networks, with Visa reportedly offering Apple a substantial payment to secure the deal. American Express is vying to unseat Mastercard, the current network provider, to win this high-profile partnership.
Securing the Apple Card network would represent a significant strategic win for American Express, expanding its reach within the digital payments landscape and potentially increasing its transaction volumes. The outcome of this competition is closely watched by the financial industry.
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