Goldman wants out of Apple deal and Adyen to go live with Tap to Pay on iPhone in Australia

Goldman wants out of Apple deal and Adyen to go live with Tap to Pay on iPhone in Australia
Tap to Pay Apple Adyen

Apple Card and Apple Savings are performing so poorly for Goldman Sachs, one executive has reportedly said that "we should never have done this f****** thing."

Goldman Sachs invested heavily in its consumer lending projects, most notably on the Apple Card but also in others such as a General Motors credit card. From the start, the company faced problems such as accusations of gender bias in its credit limit calculations — which it has since been cleared of.

There was also just the fact that Goldman Sachs spent $350 for every new Apple Card user. In 2022, Goldman Sachs lost $1.2 billion, chiefly because of the Apple Card.

Now according to the Wall Street Journal, the finance company wants out of even that deal and has been negotiating to sell off all of its consumer products.

I highly recommend reading my blog post on this topic I published recently called “The Inside Story of The Apple-Goldman Drama”.

Meanwhile, down under, Adyen has unveiled its Tap to Pay on iPhone feature for retailers in Australia. Tap to Pay is facilitating a swift and seamless payment process.

With this innovation, businesses can accept various forms of contactless payments, like contactless credit/debit cards, Apple Pay, and more, directly via an iPhone—eliminating the need for any additional payment hardware.

Buy now, pay later provider Klarna has been accused of cutting off rifle suppliers from finance after declaring them unethical.

A number of shooting and countryside sports retailers have had their Klarna partnerships canceled after being told they infringed the company’s ethics policies, the Times reports.

See more news listed below, and enjoy your day!




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