Goldman Sachs May Exit Partnership With Apple

American multinational bank Goldman Sachs is reportedly in talks for exiting from its partnership with tech major, Apple, according to a media report on Friday.

The iPhone maker and Goldman Sachs were in the business of a virtual credit card since 2019.

The report mentioned that in March, Apple launched its "buy now, pay later" service in the US enabled through the Mastercard Installments program, with Goldman Sachs as the issuer of the Mastercard payment credential.

Apple credit card currently offers 3 per cent daily cashback to spend or save. It also benefits with interest-free monthly installments on purchases of Apple devices, the report said additionally. 

Apple credit cards are made out of titanium and have no visible number. Apple and Goldman Sachs have not officially confirmed the partnership exit plan.