👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Visa proposes $100m deal for Apple card partnership
Visa has proposed a US$100 million deal to become Apple’s new credit card network partner, according to the Wall Street Journal. The offer includes an upfront payment typically associated with major card programs.
American Express is also competing to secure the Apple Card, aiming to serve as both the issuer and the network.
Apple’s previous partnership with Goldman Sachs and Mastercard ended in November 2023. Since then, other financial institutions, including Barclays, Synchrony Financial, and JPMorgan Chase, have discussed taking over the partnership.
Visa declined to comment on the proposal when contacted by Reuters.
Recent Visa developments
| Timeline |
|---|
04-Oct-2024 💳 Visa launches tokenized asset platform amid rising interest
|
27-Sep-2024 💳 Visa set to acquire UK’s Featurespace for almost $1b
|
17-Apr-2023 💳 Visa partner Volopay secures major payment institution license in SG
|
15-Nov-2022 💳 Visa launches Google Wallet feature in Malaysia
|
05-Jan-2022 💰 Visa joins $20m round of Singapore open finance platform
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.