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Visa offers roughly $100 mn to take over Apple's credit card
Mint Kolkata
|April 03, 2025
The network that locks in this deal is expecting to stay close to the tech giant's future payments efforts
Visa has offered Apple a roughly $100 million payment to get the tech giant's credit card, part of a battle between the country's biggest payment networks for the splashy Apple card.
Apple, with Visa and American Express trying to unseat Mastercard, according to people familiar with the matter.
The details
Apple is expected to select a network for the card before it picks the bank to replace Goldman Sachs. Networks provide the plumbing that transmit information between the banks that issue consumers' cards and the merchants' banks.
Dit verhaal komt uit de April 03, 2025-editie van Mint Kolkata.
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