Apple may replace Goldman with Barclays, Synchrony for credit card deal

Apple is in talks with Barclays to replace Goldman Sachs as the tech giant’s credit card partner, said two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions.

Credit card issuer Synchrony Financial is also in discussions with Apple about the card partnership, the first source said. Both sources declined to be identified discussing private talks.

Several financial firms are vying to replace Goldman, which launched the credit card with Apple in 2019, the sources said.