Visa has reportedly offered Apple approximately $100 million to take over the tech giant's credit card partnership from Mastercard. The Wall Street Journal reported this development, citing sources familiar with the matter.
This potential shift in partnership could represent a significant customer loss for Mastercard, impacting its presence in a high-profile co-branded credit card program. The Apple Card partnership is a notable asset in the consumer payments market.
The competition among major card networks to secure such partnerships is intense. A change in the Apple Card issuer would affect transaction volumes and brand visibility for the involved payment processors.
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